Technovative Group, Inc. (OTCMKTS:TEHG) Files An 8-K Entry into a Material Definitive AgreementItem 1.01
The registrant entered into a promissory note dated August 2, 2017 (the “Note”) in the principal amount of $256,410, bearing interest of 5% per year and due and payable 12 months from the date of the Note. The holder of the Note must convert the Note into shares of the registrant’s common stock upon the registrant raising at least $10,000,000 in an equity or convertible note financing. The foregoing is a summary of the terms of the Note and is qualified in its entirety by the Note which is attached hereto and incorporated herein as Exhibit 1.
| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On October 21, 2016, Liang Meihua was appointed to the Board of Directors (the “Board”) of the registrant.
Set forth below is the biographical information about Liang Meihua:
| Name | Age | Position |
| Liang Meihua | Director |
Liang Meihua serves as a director of the registrant. Since July 2012 she served as the Assistant to the General Manager of Foshan Shunde Yunyu Environmental Protection Products Co., Ltd. From November 2010 to May 2012 she served as Account Manager for Foshan Pangu Investment Management Co. Ms. Liang graduated in 2007 from Shunde Polytechnic University with a B.A. degree. We believe that as the Company continues to diversify and grow it will benefit from her participation on the Board in light of her business experience with customers in China and overseas.
The Board of Directors and shareholders of the registrant acting by written consent approved the change of domicile of the registrant from Wyoming to Delaware to facilitate anticipated financings and acquisitions effective June 1, 2017. The change in domicile did not result in any change in the headquarters, business, jobs, management, location of any of the Company’s offices or facilities, number of employees, assets, liabilities or net worth (other than as a result of the costs incident to the change in domicile) of the registrant.
| Item 9.01 | Financial Statement and Exhibits. |
(d) Exhibits. The following exhibit is filed with this report:
*Filed herewith.
Technovative Group, Inc. ExhibitEX-10.1 2 f8k102116ex10-1_techno.htm PROMISSORY NOTE DATED AUGUST 2,…To view the full exhibit click here
About Technovative Group, Inc. (OTCMKTS:TEHG)
Technovative Group, Inc. is engaged in producing and marketing the platform called SpeedG Platform. The Company’s SpeedG Platform is a combination of use products that provide solutions for its clients to establish and maintain their online presence, as well as allows its clients to promote and market their businesses effectively.
