# EDGAR Filing Document

**Accession Number:** 0001552979
**File Stem:** 0001683168-23-001824
**Filing Date:** 2023-3
**Character Count:** 12050
**Document Hash:** 6a8a8311fe242fe753f06f95151eeff0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001683168-23-001824.hdr.sgml**: 20230328

**ACCESSION NUMBER**: 0001683168-23-001824

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 13

**CONFORMED PERIOD OF REPORT**: 20230327

**ITEM INFORMATION**: Other Events

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230328

**DATE AS OF CHANGE**: 20230328

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** China De Xiao Quan Care Group Co., Ltd
- **CENTRAL INDEX KEY:** 0001552979
- **STANDARD INDUSTRIAL CLASSIFICATION:** RETAIL-CATALOG & MAIL-ORDER HOUSES [5961]
- **IRS NUMBER:** 383870905
- **STATE OF INCORPORATION:** NV
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-56324
- **FILM NUMBER:** 23767119

**BUSINESS ADDRESS:**
- **STREET 1:** PO BOX 26496
- **CITY:** SCOTTSDALE
- **STATE:** AZ
- **ZIP:** 85255
- **BUSINESS PHONE:** 602-793-8058

**MAIL ADDRESS:**
- **STREET 1:** PO BOX 26496
- **CITY:** SCOTTSDALE
- **STATE:** AZ
- **ZIP:** 85255

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Nhale, Inc.
- **DATE OF NAME CHANGE:** 20140902

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Gankit Corp
- **DATE OF NAME CHANGE:** 20120625

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

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

**FORM 8-K**

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

Date of report (Date of earliest event reported): March 27, 2023

**CHINA DE XIAO QUAN CARE GROUP CO., LTD**

(Exact name of registrant as specified in its charter)

---

| | | |
|:---|:---|:---|
| **Nevada** | **333-182761** | **38-3870905** |
| (State or Other Jurisdiction | (Commission File Number) | (IRS Employer |
| of Incorporation) |  | Identification No.) |

---

42 Mott Street, 4th Floor

New York, NY, 10013

(Address of Principal Executive Officers) (Zip Code)

Registrant's telephone number, including area code: 86-1370164788

NHALE, INC.

(Former name or former address, 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 (see 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:

---

| | | |
|:---|:---|:---|
| **Title of Each Class** | **Trading Symbol(s)** | **Name of Each Exchange on Which Registered** |
| Common Stock, $0.01 par value | CDXQ | OTC Markets – Pink Sheets |

---

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 8.01. Other Events**

On March 27, 2023, China De Xiao Quan Care Group Co., Ltd ("CDXQ") entered into a Non-Binding Letter of Intent (the "LOI") in which the Company would acquire all of the issued and outstanding securities of China Care Holding Group Inc, a Cayman corporation ("China Care").

The LOI contemplates the acquisition of China Care, by CDXQ. China Care, which owns and operates Jiangsu De Xiao Quan Technology Group, a pioneer in elderly caring industry, combining new generation of cloud intelligence with human-focused management. The company has self-developed an intelligent caring system based on big data analysis and artificial intelligence, strengthening better care and tracking management for the elderly. The LOI was entered into following arm's length negotiations.

The LOI proposes that CDXQ would acquire 51% of the issued and outstanding stock of China Care in exchange for the newly issued CDXQ stock issuance to the shareholders of 70 million shares of newly issued unregistered shares of common stock, par value $0.0001 per share, with no expiration date on the conversion.

Completion of the transaction is subject to, among other matters, the completion of due diligence, the negotiation of a definitive agreement providing for the transaction and employment agreements, satisfaction of the conditions negotiated therein and approval of the transaction by CDXQ's board of directors, and all applicable state and federal law. No assurance can be given that the parties will be able to negotiate and execute a definitive agreement or that the transactions herein contemplated will close. CDXQ will file notice of such agreement with the Securities and Exchange Commission on form 8-K when and if any such agreement is reached.

*Statements contained in this Current Report on Form 8-K include "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause the actual results expressed or implied by such forward-looking statements not to occur or be realized. Forward-looking statements may be identified by the use of forward-looking terminology such as "may", "will", "project", "expect", "believe", "estimate", "anticipate", "contemplate", "propose", "intend", "continue" or similar terms, variations of those terms or the negatives of those terms or other variations of those terms or comparable words or expressions.*

**Item 9.01 Financial Statements and Exhibits**

99.2 [Letter of Intent](cdxq_ex9902.htm)

**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: March 28, 2023

---

| |
|:---|
| By: <u>/s/ Dr. Yang, Chong Yi</u> |
| Name: Dr. Yang, Chong Yi<br> Title: Chief Executive Officer |

---

## Exhibit 99.2

**Exhibit 99.2**

LETTER OF INTENT

This letter of intent ("Letter of Intent"), dated as of March 27, 2023, is entered into by and among **China De Xiao Quan Care Group Co., Ltd** (Code: CDXQ), which changed name from NHALE INC, a Nevada corporation (Original code: NHLE") and **China Care Holding Group Inc** (hereafter "China Care") as set forth on the signature page hereto (each a "Selling Shareholder" and collectively "Selling Shareholders") , whereby CDXQ would acquire China Care pursuant to the terms and subject to the conditions set forth herein. CDXQ and the Selling Shareholders each may be referred to herein as a "Party" and together as the "Parties". This Letter of Intent contains certain nonbinding agreements and nonbinding understandings with respect to the acquisition summarized below.

1. Acquisition: CDXQ would acquire 51% of the issued and outstanding shares of common stock of China Care from the Selling Shareholders (the "Transaction"). The Transaction is expected to close no later than June 30, 2023.

2. Settlement of Consideration: In connection with the Transaction, CDXQ would provide the Selling Shareholders with equity consideration in an amount equal to 70 million shares of newly issued unregistered shares of common stock, par value $0.0001 per share,

3. Due Diligence and Audit Assignment: Upon execution of this Letter of Intent, CDXQ shall conduct a business, financial and legal due diligence investigation of China Care, their business and operations. In connection with such due diligence, the Selling Shareholders will give CDXQ and its representatives reasonable access to management, books, records, financial statements and properties of China Care to enable CDXQ to complete its confirmatory due diligence investigation.

4. Closing Conditions: The Parties' obligation to close the Transaction consistent with the terms set forth in this Letter of Intent are subject in all respects to: (a) CDXQ's satisfactory completion of its due diligence and (b) final approval of the Transaction and the Definitive Agreement by CDXQ's Board of Directors.

5. Public Announcement: The parties mutually agreed that this LOI will be disclosed as required by rules and regulation stipulated by Securities and Exchange Commission.

6. Confidentiality: All negotiations regarding the business between CDXQ and China Care shall be confidential and not to be disclosed with anyone other than the respective advisors and internal staff of the parties and necessary third parties, except those information as stated in this LOI, for the reason as indicated in Clause 4 above, unless prior written notice and/or consent is obtained from the other party otherwise not permitted to do so.

7. Laws: This LOI is non-legally binding save for the provision relating to, among other things, Due Diligence Review, exclusivity, confidentiality, costs, governing laws and jurisdiction of the LOI. This LOI shall be governed by and construed in accordance with the laws of Labuan FSA.

8. Changes: This LOI sets forth the entire understanding of the Parties relating to the subject matter hereof and supersedes and cancels any prior communications, understandings and agreements between the Parties. This LOI is non-exclusive and cannot be modified, changed, or can any of its provisions be waived except by written agreement signed by all Parties.

9. Consents: The Parties shall cooperate with each other and proceed, as promptly as is reasonably practicable, to seek to obtain all necessary consents and approvals and to endeavor to comply with all other legal or contractual requirements for or preconditions to the execution and consummation of the Definitive Agreement.

10. Entire Agreement: This Letter of Intent represents the entire understanding and agreement among the Parties with respect to the subject matter hereof and supersedes all prior discussions and agreements between the Parties with respect to the subject matter hereof. This Letter of Intent can be amended, supplemented or changed only by a written instrument executed by all the Parties.

11. Counterparts: This Letter of Intent may be executed in multiple counterparts, each of which will be deemed to be an original copy of this Letter of Intent and all of which, when taken together, will be deemed to constitute one and the same agreement.

12. Notice: Any notice required or permitted hereunder shall be given in writing (unless otherwise specified herein) and shall be deemed effectively given upon personal delivery or seven business days after deposit by International Courier, by (a) advance copy by fax, (b) mailing by express courier or registered or certified mail with postage and fees prepaid, addressed to each of the other Parties constitutes "service" thereunto entitled at the following addresses, or at such other addresses as a Party may designate by ten days advance written to each of the other Parties hereto: Said addresses are as first indicated at commencement of this LOI.

13. Termination: Either Party may terminate this LOI at any time by providing written notice to the other Party without incurring liability or cost to the other Party.

<br> [SIGNATURE PAGE FOLLOWS]

IN WITNESS WHEREOF, the Parties have caused this Letter of Intent to be duly executed as of the date hereof.

China De Xiao Quan Care Group Co., Ltd

**<u>Chongyi Yang</u>**

Date: March 27, 2023

 ****

 ****

China Care Holding Group Inc

 ****

**<u>Chunsheng Qin</u>**

Date: March 27, 2023

 **

 ****

 ****

 

 

 

 **

 ****