CONSUMER CAPITAL GROUP, INC. (OTCMKTS:CCGN) Files An 8-K Termination of a Material Definitive Agreement
Item 1.02 Termination of a Material Definitive Agreement

On March 29, 2018, America Arki Network Service Beijing Co., Ltd (“Arki Network”), a variable interest entity of Consumer Capital Group, Inc. (the “Company”), terminated the Equity Transfer Agreement with Beijing Shenzhou Rongtong Investment Management Co. Ltd. (“Shenzhou Rongtong”), a company organized under the law of People’s Republic of China, and all the shareholders of Shenzhou Rongtong. The Equity Transfer Agreement was terminated by a Termination Agreement dated March 29, 2018 between Arki Network and Shenzhou Rongtong. According to the Termination Agreement, the shareholders of Shenzhou Rongtong shall return to the Company 4,175,417 shares of common stock of the Company, and the Company shall return all of Shenzhou Rongtong’s issued and outstanding equity securities to the shareholders of Shenzhou Rongtong.

The foregoing descriptions of the Termination Agreement, are qualified in their entirety by reference to the provisions of the Termination Agreement filed as Exhibit 10.1 to this Current Report on Form 8-K, which are incorporated by reference herein.

For additional information regarding the Equity Transfer Agreement with Shenzhou Rongtong, please refer to the Company’s Current Report on Form 8-K reporting information under Item 1.01 and 3.02, filed with U.S. Securities and Exchange Commission (the “Commission”) on November 17, 2017, which disclosure is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

Consumer Capital Group, Inc. Exhibit
EX-10.1 2 f8k032918ex10-1_consumer.htm ENGLISH TRANSLATION OF TERMINATION AGREEMENT,…
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About CONSUMER CAPITAL GROUP, INC. (OTCMKTS:CCGN)

Consumer Capital Group Inc. is a holding company. The Company operates the Internet finance business through its subsidiaries, America Arki (Fuxin) Network Management Co. Ltd. (Arki Fuxin), America Arki Network Service Beijing Co., Ltd. (Arki Network Service) and Arki (Beijing) E-Commerce Technology Corp. (Arki Beijing), through respective contractual arrangements among these parties. Arki Network Service, through America Arki (Tianjin) Capital Management Partnership (Arki Tianjin), engages in wealth management business. Arki Tianjin operates its business on its crowdfunding platform Bangnitou, which translates to Help You Invest in English and attracts capital from investors to invest in fixed income opportunities. Arki Network Service operates its peer-to-peer lending business through Shanghai Zhong Hui Financial Information Service Corp. (Zhong Hui), which is an online consumer finance marketplace in the People’s Republic of China (PRC) connecting investors and corporate borrowers.