Technovative Group, Inc. (OTCMKTS:TEHG) Files An 8-K Entry into a Material Definitive Agreement

Technovative Group, Inc. (OTCMKTS:TEHG) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement.

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The registrant, Technovative Group, Inc. (“Technovative Group”), entered into a Share Sales Agreement (the “Agreement”) dated October 26, 2016, with Foo Khee Long, the sole shareholder of Innorei Group (Samoa) Limited (“IRG Samoa”), a holding company of Innorei Group Sdn. Bhd. (“IRG Malaysia”). IRG Malaysia is a mobile solutions apps development and information technology service provider. Under the terms of the Agreement, Technovative Group agreed to issue 8,000,000 shares of its common stock to Foo Khee Long subject to completion of certain pre-conditions by both parties, including due diligence by Innorei Samoa. The foregoing is a summary of the terms of the Agreement and is qualified in its entirety by the Agreement which is attached hereto and incorporated herein as Exhibit 10.1.

Item 5.01 Change in Control of Registrant.

In accordance with the Agreement set forth in Item 1.01, above, and upon satisfaction of the conditions precedent to the issuance of the 8,000,000 shares of Technovative Group, on February 22, 2017, Technovative Group issued 4,000,000 restricted shares of its common stock to Foo Khee Long, 3,000,000 restricted shares of its common stock to Lim Kian Seong and 1,000,000 restricted shares of its common stock to Soo Soon Kid.

Item 9.01 Financial Statement and Exhibits.

(d) Exhibits. The following exhibit is filed with this report:


Technovative Group, Inc. Exhibit
EX-10.1 2 f8k102616ex10-1_technovative.htm SHARE SALES AGREEMENT DATED OCTOBER 26,…
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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.

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