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BON Natural Life Limited: Strategic Reorganization Report (Form 6-K) - January 2025

$BON
Form 6-K
Filed on: 2025-01-03
Source
BON Natural Life Limited: Strategic Reorganization Report (Form 6-K) - January 2025

Here are the key insights and information extracted from the provided financial report (Form 6-K) of BON Natural Life Limited:

  1. Company Overview:
  • Company Name: BON Natural Life Limited
  • Principal Office: Room 601, Block C, Gazelle Valley, No.69, Jinye Road, High-Tech Zone, Xi’an, Shaanxi, China.
  1. Filing Details:
  • Filing Type: Form 6-K
  • Commission File Number: 001-40517
  • Filing Date: January 2, 2025
  1. Reorganization Announcement:
  • On January 2, 2025, BON Natural Life Limited announced a reorganization of its corporate structure.
  • The reorganization includes several significant transactions:
    • Share Transfers:
    • Tea Essence Limited (HK) transferred 100% ownership of its two subsidiaries, Xi’an Cell and Molecule Information Technology Co., Ltd. and Xi’an Youpincui Biotechnology Co., Ltd., to Tea Essence Health Tech (Hangzhou) Co., Ltd. for a total consideration of RMB 2,000,000 (RMB 1,500,000 for Xi’an Cell and RMB 500,000 for Youpincui).
    • Disposition:
    • The company sold Gansu Baimeikang Bioengineering Co., Ltd. to Xinjiang Baixiangquan Aromatic (Tech) Co., Ltd.
    • Acquisition:
    • Tea Essence acquired YongJinAn Group Limited (HK) from Xianlin Pan and Shaojun Zhang, making it a wholly owned subsidiary.
  1. Impact of Reorganization:
  • Post-reorganization, Tea Essence (Hangzhou) is now the sole headquarters within mainland China for BON Natural Life Limited.
  • The acquisition of YongJinAn has allowed Tea Essence to assume all assets and liabilities of YongJinAn, which currently has no significant operations or assets.
  1. Documentation and References:
  • The report includes several exhibits detailing the agreements related to the share transfers, asset sales, and acquisitions, which are incorporated by reference.
  1. Management Signatures:
  • The report is signed by Yongwei Hu, Chairman and CEO of BON Natural Life Limited.

This reorganization appears to be a strategic move to streamline operations and potentially enhance operational efficiencies within the corporate structure of BON Natural Life Limited.