# EDGAR Filing Document

**Accession Number:** 0001951378
**File Stem:** 0001493152-23-009760
**Filing Date:** 2023-3
**Character Count:** 29941
**Document Hash:** 906eee56c63297466ccd32a38be59b7f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001493152-23-009760.hdr.sgml**: 20230330

**ACCESSION NUMBER**: 0001493152-23-009760

**CONFORMED SUBMISSION TYPE**: F-1/A

**PUBLIC DOCUMENT COUNT**: 4

**FILED AS OF DATE**: 20230330

**DATE AS OF CHANGE**: 20230330

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Qilun Group Inc.
- **CENTRAL INDEX KEY:** 0001951378
- **STANDARD INDUSTRIAL CLASSIFICATION:** WHOLESALE-MISCELLANEOUS NONDURABLE GOODS [5190]
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** F-1/A
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-268512
- **FILM NUMBER:** 23780837

**BUSINESS ADDRESS:**
- **STREET 1:** 2201, MODERN INTERNATIONAL BUILDING,
- **STREET 2:** 3038, JINTIAN ROAD, GANGXIA COMMUNITY
- **CITY:** FUTIAN DISTRICT, SHENZHEN
- **STATE:** F4
- **ZIP:** 518000
- **BUSINESS PHONE:** 86-755-83985414

**MAIL ADDRESS:**
- **STREET 1:** 2201, MODERN INTERNATIONAL BUILDING,
- **STREET 2:** 3038, JINTIAN ROAD, GANGXIA COMMUNITY
- **CITY:** FUTIAN DISTRICT, SHENZHEN
- **STATE:** F4
- **ZIP:** 518000

**As filed with the Securities and Exchange Commission on March 30, 2023.**

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, D.C. 20549**

**AMENDMENT NO. 5 TO FORM F-1**

**REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933**

**Qilun Group Inc.**

(Exact name of Registrant as specified in its charter)

---

| | | |
|:---|:---|:---|
| **Cayman Islands** | 5190 | **Not applicable** |
| (State or other jurisdiction <br> of incorporation or organization) | (Primary Standard Industrial<br> Classification Code Number) | (I.R.S. Employer <br> Identification Number) |

---

Room 2201, Modern International Building, No. 3038,

Jintian Road, Gangxia Community, Futian Street

Futian District, Shenzhen City, Guangdong Province

People's Republic of China

+86-755-83985414

(Address, including zip code, and telephone number, including area code, of Registrant's principal executive offices)

Mark E. Crone, Esq.

The Crone Law Group, PC

420 Lexington Avenue, Suite 2446

New York, NY 10170

(646) 861-7891

(Name, address, including zip code, and telephone number, including area code, of agent for service)

Approximate date of commencement of proposed sale to the public: **As soon as practicable after the effective date of this Registration Statement.**

If any of the securities being registered on the Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, check the following box ☒

If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering.☐

If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering.☐

If this Form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering.☐

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933. ☒

If an emerging growth company that prepares its financial statements in accordance with U.S. GAAP, 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 7(a)(2)(B) of the Securities Act. ☐

**COPIES OF COMMUNICATIONS TO:**

---

| | |
|:---|:---|
| **Mark Crone, Esq.** | **Florence Chan, Esq.** |
| **Mason Allen, Esq.** | **Ogier** |
| **The Crone Law Group P.C.** | **11th Floor, Central Tower** |
| **420 Lexington Ave, Suite 2446** | **28 Queen's Road Central, Central** |
| **New York, NY 10170** | **Hong Kong 999077** |
| **Phone: (646) 861-7891** | **Phone: (852) 36566061** |

---

THE REGISTRANT HEREBY AMENDS THIS REGISTRATION STATEMENT ON SUCH DATE OR DATES AS MAY BE NECESSARY TO DELAY ITS EFFECTIVE DATE UNTIL THE REGISTRANT SHALL FILE A FURTHER AMENDMENT WHICH SPECIFICALLY STATES THAT THIS REGISTRATION STATEMENT SHALL THEREAFTER BECOME EFFECTIVE IN ACCORDANCE WITH SECTION 8(a) OF THE SECURITIES ACT OF 1933 OR UNTIL THE REGISTRATION STATEMENT SHALL BECOME EFFECTIVE ON SUCH DATE AS THE COMMISSION, ACTING PURSUANT TO SECTION 8(a), MAY DETERMINE.

**EXPLANATORY NOTE**

This Amendment No. 5 is being filed solely for the purpose of filing Exhibits 8.2 and 10.2. No changes have been made to the form of preliminary prospectus constituting Part I of the Registration Statement or to Items 6, 7 or 9 of Part II of the Registration Statement.

**PART II**

**INFORMATION NOT REQUIRED IN PROSPECTUS**

**Item 8. Exhibits and Financial Schedules**

&nbsp;&nbsp;&nbsp;&nbsp;(a) Exhibits

---

| | |
|:---|:---|
| **Exhibit<br> Number** | **Description** |
| 3.1 | [Articles of Association of Qilun Group Inc.\*\*](https://www.sec.gov/Archives/edgar/data/1951378/000149315223009029/ex3-1.htm) |
| 5.1 | [Opinion of Ogier\*\*](https://www.sec.gov/Archives/edgar/data/1951378/000149315223009029/ex5-1.htm) |
| 8.2 | [Opinion of DeHeng Law Offices (Shenzhen) regarding certain PRC legal matters and certain PRC tax matters\*](ex8-2.htm) |
| 10.1 | [Employment Agreement with our Chief Executive Officer, Ruowen Li\*\*](https://www.sec.gov/Archives/edgar/data/1951378/000149315223009029/ex10-1.htm) |
| 10.2 | [Transfer Agreement dated October 14, 2022, among Qilun Holding (Shenzhen) and the selling shareholders thereto.\*](ex10-2.htm) |
| 10.3 | [Cooperation Agreement on Sales Commission\*\*](https://www.sec.gov/Archives/edgar/data/1951378/000149315223009029/ex10-3.htm) |
| 14.1 | [Code of Business Conduct and Ethics of the Registrant\*\*](https://www.sec.gov/Archives/edgar/data/1951378/000149315223009029/ex14-1.htm) |
| 21.1 | [Subsidiaries of the Registrant\*\*](https://www.sec.gov/Archives/edgar/data/1951378/000149315223009029/ex21-1.htm) |
| 23.1 | [Consent of Assentsure PAC, an independent registered public accounting firm\*\*](https://www.sec.gov/Archives/edgar/data/1951378/000149315223009029/ex23-1.htm) |
| 23.2 | [Consent of DeHeng Law Offices (Shenzhen)\*\*](https://www.sec.gov/Archives/edgar/data/1951378/000149315223009029/ex23-2.htm) |
| 99.1 | [Request for Waiver and Representation\*\*](https://www.sec.gov/Archives/edgar/data/1951378/000149315223009029/ex99-1.htm) |
| 107 | [Filing Fee Table\*\*](https://www.sec.gov/Archives/edgar/data/1951378/000149315223009029/ex107.htm) |
| 101.INS | Inline XBRL Instance Document |
| 101.SCH | Inline XBRL Taxonomy Extension Schema Document |
| 101.CAL | Inline XBRL Taxonomy Extension Calculation Linkbase Document |
| 101.DEF | Inline XBRL Taxonomy Extension Definition Linkbase Document |
| 101.LAB | Inline XBRL Taxonomy Extension Label Linkbase Document |
| 101.PRE | Inline XBRL Taxonomy Extension Presentation Linkbase Document |

---

\* Filed herewith.

\*\* Previously filed.

**SIGNATURES**

Pursuant to the requirements of the Securities Act of 1933, as amended, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form F-1 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in Shenzhen City, Guangdong Province, People's Republic of China, on March 30, 2023.

---

| | |
|:---|:---|
| QILUN GROUP INC. | QILUN GROUP INC. |
| By: | */s/ Ruowen Li* |
|  | Ruowen Li |
|  | Chief Executive Officer and Director |
|  | (Principal Executive Officer) |

---

Pursuant to the requirements of the Securities Act of 1933, as amended, this registration statement on Form F-1 has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

---

| | | |
|:---|:---|:---|
| **Name** | **Title** | **Date** |
|  | Ruowen Li |  |
| */s/ Ruowen Li* | Chief Executive Officer and Director | March 30, 2023 |
|  | (Principal Executive Officer) |  |
| */s/ Ruowen Li* | Chief Financial Officer | March 30, 2023 |
|  | (Principal Financial and Accounting Officer) |  |

---

**SIGNATURE OF AUTHORIZED REPRESENTATIVE OF THE REGISTRANT**

Pursuant to the Securities Act, the undersigned, the duly authorized representative in the United States of America, has signed this registration statement or amendment thereto in New York, New York, United States of America on March 30, 2023.

---

| | |
|:---|:---|
| AUTHORIZED U.S. REPRESENTATIVE | AUTHORIZED U.S. REPRESENTATIVE |
| By: | */s/ Mark Crone* |
| Name: | Mark Crone |
| Title: | Managing Partner |

---

## Exhibit 8.2

**Exhibit 8.2**

![](ex8-2_001.jpg)

33/F, Anlian Plaza, Jintian Rd., Futian, Shenzhen 518026 China

Tel：+86-755-88286488 Fax：+86-755-88286499

Website: www.dehenglaw.com

March 30, 2023

---

| | |
|:---|:---|
| **To:** | **Qilun Group Inc.** |

---

Room 2201, Modern International Building,

Jintian Road, Gangxia Community, Futian District, Shenzhen, China

***Re: Legal Opinion on Certain PRC Legal Matters***

 ****

Dear Sir/Madam,

We are qualified lawyers of the People's Republic of China (the "**PRC**", for the purpose of this legal opinion, excluding the Hong Kong Special Administrative Region, the Macau Special Administrative Region and Taiwan region), and are qualified to issue opinions on the laws and regulations of the PRC effective as of the date hereof (the "**PRC Laws**").

We have acted as the PRC counsel for Qilun Group Inc. (the "**Company**") , a company incorporated under the laws of the Cayman Islands, in connection with (i) the proposed offering (the "**Offering**") of a certain number of ordinary shares, par value $0.0001 per share, as set forth in the Company's registration statement on Form F-1, including all amendments or supplements thereto (the "**Registration Statement**"), filed by the Company with the Securities and Exchange Commission under the U.S. Securities Act of 1933, as amended, and (ii) the Company's proposed listing of its ordinary shares on the OTC Markets Group, Inc. (the "**Listing**").

In rendering this Opinion we have examined the Registration Statement, the originals or copies certified or otherwise identified to our satisfaction, of documents provided to us by the Company and such other documents, corporate records, certificates issued by Governmental Authorities in the PRC and officers of the Company, and/or the PRC Subsidiaries and other instruments (the "**Documents**") as we have considered necessary, advisable or desirable for the purpose of rendering this Opinion. Where certain facts were not, or may not be possible to be independently established by us, we have relied upon certificates or statements or representations issued or made by relevant Governmental Authorities of the PRC and the appropriate representatives of the Company and/or the PRC Subsidiaries with the proper powers and functions, and we have qualified our opinion as "to our best knowledge after due and reasonable inquiries," as to such factual matters without further independent investigation.

In our examination of the Documents and for the purpose of rendering this opinion, we have assumed without further inquiry:

(A) the
 genuineness of all signatures, seals and chops, and the authenticity of all Documents submitted to us as originals and the conformity
 with originals of the Documents submitted to us as copies and the authenticity of such originals;

(B) the
 Documents as submitted to us remain in full force and effect up to the date of this opinion, and have not been revoked, amended,
 revised, modified or supplemented as of the date of this opinion except as otherwise indicated in such Documents;

(C) the
 truthfulness, accuracy, fairness and completeness of the Documents as well as all factual statements contained in the Documents;

(D) that
 all information (including factual statements) provided to us by the Company and the PRC Subsidiaries in response to our inquiries
 for the purpose of this opinion is true, accurate, complete and not misleading and that the Company and the PRC Subsidiaries have
 not withheld anything in response to our inquiries that, if disclosed to us, would reasonably cause us to alter this opinion in whole
 or in part;

(E) that
 all parties, other than the PRC Subsidiaries, have the requisite power and authority to enter into, execute, deliver and perform
 the Documents to which they are parties;

(F) that
 all parties, other than the PRC Subsidiaries, have duly executed, delivered, performed or will duly perform their obligations under
 the Documents to which they are parties;

(G) that
 all Governmental Authorizations and other official statement or documentation were obtained from the competent Government Authorities
 by lawful means in due course;

(H) that
 all Documents are legal, valid, binding and enforceable under all such laws as govern or relate to them other than PRC Laws. Where
 important facts were not independently established to us, we have relied upon certificates issued by Government Authorities and representatives
 of the Company with proper authority in each case; and

(I) that
 this opinion is limited to matters of the PRC Laws effective as the date hereof. We have not investigated, and we do not express
 or imply any opinion on accounting, auditing, or laws of any other jurisdiction.

The following terms as used in this Opinion are defined as follows:

---

| | |
|:---|:---|
| **"Government Agency"** | means any competent government authorities, agencies, courts, arbitration commissions, or regulatory bodies of the PRC or any province, autonomous region, city or other administrative division of the PRC. |
| "**Governmental Authorizations**" | mean any approval, consent, permit, authorization, filing, registration, exemption, waiver, endorsement, annual inspection, qualification and license required by the PRC Laws to be obtained from any Government Agency. |
| "**M&A Rules**" | mean the Regulations on Mergers and Acquisitions of Domestic Enterprises by Foreign Investors, which was issued by the Ministry of Commerce, the State Assets Supervision and Administration Commission, the State Administration for Taxation, the State Administration for Industry and Commerce (now integrated into the State Administration for Market Regulation), the China Securities Regulatory Commission (the "**CSRC**") and the State Administration for Foreign Exchange on August 8, 2006 and as amended by the Ministry of Commerce on June 22, 2009. |
| "**Overseas Listing Regulations"** | mean the Trial Measures for the Administration of Overseas Issuance and Listing of Securities by Domestic Enterprises and five supporting guidelines，which was issued by the CSRC on February 17, 2023 and will become effective on March 31, 2023. |
| "**PRC Authorities**" | mean any national, provincial or local governmental, regulatory or administrative authority, agency or commission in the PRC, or any court, tribunal or any other judicial or arbitral body in the PRC. |
| "**PRC Subsidiaries**" | means the subsidiary of the Company incorporated in the PRC as listed in <u>Annex A</u> hereto. |
| "**Prospectus**" | means the prospectus, including all amendments or supplements thereto, that form parts of the Registration Statement. |
| **"Registration Statement"** | means the registration statement in Form F-1, including all amendments or supplements thereto, under the United States Securities Act of 1933, as amended, filed with the SEC relating to the offering by the Company of the Ordinary Shares. |

---

**I.** **Opinions** 

Based on the foregoing examinations and assumptions and subject to the disclosures contained in the Registration Statement and the qualifications set out below, we are of the opinion that, as of the date hereof, so far as PRC Laws are concerned:

1. The
 ownership structures of the PRC Subsidiaries, currently and immediately after this Offering, does not violate any applicable PRC
 laws or regulations currently in effect; and such description is true and accurate and nothing has been omitted from such description
 which would make the same misleading in any material respects.

2. We
 have advised the Company as to the content of the M&A Rules, in particular the relevant provisions thereof that purport, among
 other things, to require offshore special purpose vehicles, or SPVs, formed for overseas listing purposes through acquisitions of
 PRC domestic enterprises and controlled by PRC enterprises or individuals, to obtain the approval of the CSRC prior to publicly listing
 their securities on an overseas stock exchange. Based on our understanding of the PRC Laws, the approval from the CSRC is not required
 in the context of the Offering and the Company's proposed Listing, because (i) the CSRC currently has not issued any definitive
 rule or interpretation concerning whether the Offerings under this prospectus are subject to the M&A Rules; and (ii) the PRC
 subsidiaries were not established by merger with or acquisition of PRC domestic companies as defined under the M&A Rules. However,
 uncertainties still exist as to how the M&A Rules will be interpreted or implemented in the context of an overseas offering and
 our opinion stated above is subject to any new laws, rules and regulations or detailed implementations and interpretations in any
 form relating to the M&A Rules.

3. According
 to the Circular on Relevant Issues Relating to Domestic Resident's Investment and Financing and Roundtrip Investment through
 Special Purpose Vehicles, or Circular 37, and the Circular on Further Simplifying and Improving the Administration of the Foreign
 Exchange Concerning Direct Investment, or Circular 13, both promulgated by State Administration of Foreign Exchange, PRC residents
 are required to register with local banks in connection with their establishment or control of an offshore entity established for
 the purpose of overseas investment or financing. Any failure or inability by such PRC residents to comply with Circular 37 may subject
 the PRC subsidiaries to fines or legal sanctions, such as restrictions on their cross-border investment activities or the PRC subsidiaries'
 ability to distribute dividends to, or obtain foreign exchange-denominated loans from, the Company or prevent the Company from making
 distributions or paying dividends. As of the date of this Opinion, the PRC residents have applied for foreign exchange registration
 under the Circular 37 and other related rules. Although they are in the process of making foreign exchange registration, the PRC
 subsidiaries may still face with the above said possible fines in accordance with the PRC Laws.

4. We
 have advised the Company on the Overseas Listing Regulations, which require that a PRC domestic enterprise seeking to indirect overseas
 offering and listing by a foreign company with major business operations and/or assets located in the PRC shall complete the filing
 procedures with the CSRC, failing which a fine of RMB 1 million to RMB 10 million may be imposed. According to the Notice on the
 Management Arrangements for Overseas Issuance and Listing of Domestic Enterprises issued by CSRC on February 17, 2023, if the Company
 obtains the SEC's Notice of Effectiveness prior to March 30, 2023 and completes the listing prior to September 30, 2023, the
 Company will be exempt from submitting the relevant information to the CSRC for the filing procedures, otherwise the Company should
 through its major domestic operating entity complete the filing procedures with the CSRC before its listing on OTC Markets Group,
 Inc.

5. The
 recognition and enforcement of foreign judgments are provided for under the PRC Civil Procedures Law. PRC courts may recognize and
 enforce foreign judgments in accordance with the requirements of the PRC Civil Procedures Law based either on treaties between China
 and the country where the judgment is made or on principles of reciprocity between jurisdictions. China does not have any treaties
 or other form of reciprocal arrangements with the United States or the British Virgin Islands that provide for the reciprocal recognition
 and enforcement of foreign judgments. In addition, according to the PRC Civil Procedures Law, courts in the PRC will not enforce
 a foreign judgment against a company or its directors and officers if they decide that the judgment violates the basic principles
 of PRC law or national sovereignty, security or public interest. As a result, it is uncertain whether and on what basis a PRC court
 would enforce a judgment rendered by a court in the United States or the British Virgin Islands.

6. The
 statements made in the Registration Statement with respect to the PRC tax laws and regulations or interpretations, constitute true
 and accurate descriptions of the matters described therein in all material respects

7. The
 statements set forth in the Registration Statement under the captions "Prospectus Summary" , "Risk Factors",
 "Our History and Corporate Structure", "Management's Discussion and Analysis of Financial Condition and Results
 of Operations", "Business", "Regulations", "Related Party Transactions", "Legal Matters"
 and "Enforceability of Civil Liabilities" to the extent that they constitute matters of PRC Laws or summaries of legal
 matters under PRC Laws, fairly reflect the matters purported to be summarized therein in all material aspects; and did not omit to
 state any material fact necessary to make the statements, in light of the circumstances under which they were made, not misleading
 in any material respect.

**II.** **Qualifications** 

This Opinion is subject to the following qualifications:

This Opinion is subject to (i) applicable bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium or similar laws affecting creditors' rights generally, and (ii) possible judicial or administrative actions or any PRC Law affecting creditors' rights.

This Opinion is subject to (i) certain equitable, legal or statutory principles in affecting the enforceability of contractual rights generally under concepts of public interest, interests of the state, national security, reasonableness, good faith and fair dealing, and applicable statutes of limitation; (ii) any circumstances in connection with formulation, execution or implementation of any legal documents that would be deemed materially mistaken, clearly unconscionable, fraudulent, or coercionary at the conclusions thereof; (iii) judicial discretion with respect to the availability of indemnifications, remedies or defenses, the calculation of damages, the entitlement to attorney fees and other costs, the waiver of immunity from jurisdiction of any court or from legal process; and (iv) the legally vested discretion of any competent PRC legislative, administrative or judicial bodies in exercising their authority in the PRC.

This Opinion only encompasses opinions on legal aspects and relates only to PRC Laws effective as of the date of this Opinion and we express no opinion as to any laws other than PRC Laws. There is no guarantee that any of such PRC Laws will not be changed, amended, replaced or revoked in the immediate future or in the longer term with or without retroactive effect.

This Opinion is given for use only by the Company but not for the use by any other person or for any other purposes. Without our prior written consent, this Opinion (including its drafts or supplements) shall not, in whole or in part, be copied, reproduced or disclosed to any other person in accordance with PRC Laws, except where the disclosure of this opinion is required to be made by applicable laws or is required in order to establish a defense to any legal or regulatory proceedings or investigation, or is requested by any court, regulatory or governmental authority, in each case, (i) on a non-reliance basis and (ii) with a prior written notice provided to us unless such prior written notice is not permissible under the applicable laws or otherwise not practicable.

This opinion is delivered solely for the purpose of and in connection with the Registration Statement submitted to the SEC on the date of this opinion and may not be used for any other purpose without our prior written consent.

We hereby consent to the use of this opinion in, and the filing hereof as an exhibit to, the Registration Statement, and to the use of our firm's name in the Registration Statement. In giving such consent, we do not thereby admit that we come within the category of persons whose consent is required under Section 7 of the U.S. Securities Act of 1933, as amended, or the regulations promulgated thereunder.

---

| |
|:---|
| Yours faithfully, |
| /s/ DeHeng Law Offices (Shenzhen) |
| DeHeng Law Offices (Shenzhen) |

---

**Annex A: List of PRC Subsidiaries**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **No.** | **PRC Subsidiaries** | **Registered Capital** | **Date of Incorporation** | **Shareholder(s) and Percentage of effective ownership** |
| 1. | Qilun Holding (Shenzhen) Co., Ltd.<br> 奇轮控股（深圳）有限公司 | RMB6,565,800 | October 21, 2022 | Qilun Group Limited<br> -100.00% |
| 2. | Qilun Culture (Shenzhen) Group Co., Ltd.<br> 奇轮文化（深圳）集团有限公司 | RMB6,565,800 | February 26, 2021 | Qilun Holding (Shenzhen) Co., Ltd.<br> -100.00% |
| 3. | Shenzhen Houhaitang Culture Communication Co., Ltd.<br> 深圳厚海堂文化传播有限公司 | RMB5,000,000 | March 31, 2014 | Qilun Culture (Shenzhen) Group Co., Ltd.<br> -100.00% |
| 4. | Qilun Enterprise Management Consultant (Shenzhen) Co., Ltd.<br> 奇轮企业管理顾问（深圳）有限公司 | RMB30,000,000 | December 7, 2021 | Qilun Culture (Shenzhen) Group Co., Ltd.<br> -100.00% |

---

The English names of the PRC Subsidiaries have been translated from its official Chinese names.

## Exhibit 10.2

**Exhibit 10.2**

**Equity Transfer Agreement**

Transferor：________________________________________(Hereinafter referred to as Party A)

Citizenship Identification Number：___________________________

Transferee： <u>Qilun Holdings (Shenzhen) Co., Ltd.</u> (Hereinafter referred to as Party B)

Unified Social Credit Number： <u>91440300MA5HG5FH7Q</u>

Qilun Cultural Development (Shenzhen) Co., Ltd (hereinafter referred to as the "Company") was established on <u>February 26, 2021</u>, with registered capital of <u>6.5658</u> million RMB, and Party A contributed _______ RMB, accounting for ________% of Company's equity. Party A is willing to transfer ______ % of the Company's equity to Party B, and both Parties have reached the following agreement on the transfer of equity through the following negotiations:

**Article I**: Price, Term and Method of Equity Transfer

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Party A holds _______% of the Company's equity, in accordance with the provisions of the Company's articles of association, Party A contributes ________ RMB. Now, Party A transfers ________ % of the Company's equity at a price of _______ RMB to Party B.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Party B shall, within <u>6 months</u> from the effective date of this Agreement, make a one-time payment to Party A by <u>wire transfer</u> in the currency and amount specified in the first point of Article I.

**Article II:** Party A guarantees that it has a fully effective right to dispose of the equity transferred to Party B, that the equity is not pledged, and that is exempt from recourse by third parties. Otherwise, Party A shall bear all economic and legal responsibilities arising therefrom.

**Article III:** Sharing of Company's profits and losses (including creditor's rights and debts)

After this Agreement comes into effect, Party B shall share the profits, risks and losses in proportion to its equity (including the creditor's rights and debts that should be enjoyed and shared by the equity before the transfer).

**Article IV:** Liability for Breach of Contract

If Party B fails to pay the purchase price on schedule, it shall pay a penalty of 3% of the total amount of the overdue portion for each day overdue. If the breach of contract causes economic losses to Party A and the liquidated damages cannot be compensated, compensation shall also be paid.

**Article V:** Resolution of Dispute

Any dispute arising from the performance of this agreement shall be resolved through friendly negotiation between both Parties. If the negotiation fails, a lawsuit shall be filed in the people's court.

**Article VI:** Modification or Termination of the Agreement

This Agreement may be modified or terminated in any of the following circumstances. The modification or termination agreement or statement signed by the Parties shall become effective only after being signed by both Parties.

&nbsp;&nbsp;&nbsp;&nbsp;1. This
 Agreement cannot be performed due to force majeure.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. If
 the situation changes, both Parties agree through consultation.

**Article VII:** Related Expense:

During the transfer process, any expenses related to the transfer shall be borne by <u>Party A</u>.

**Article VIII:** Effective Conditions

This Agreement shall come into forces as of the date it is signed by both Parties.

**Article IX:** This agreement is made in quadruplicate, one for each Party, with the same legal effect.

(REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK. SIGNATURE PAGE TO FOLLOW)

(SIGNATURE PAGE)

Transferor：()

Transferee：Qilun Holdings (Shenzhen) Co., Ltd

Sign Date：MM/DD/YYYY