EXHIBIT 10.1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): April 2, 2018
HARTFORD
RETIREMENT NETWORK CORP.
(Exact name of registrant as specified in its charter)
| Nevada | 333-119823 | 98-1225287 |
| (State or Other jurisdiction | (Commission | (IRS Employer |
| of Incorporation) | File Number) | Identification Number) |
8832
Glendon Way
Rosemead, California 91770
(626) 703-4228
(Address, including zip code, and telephone number, including area code,
of registrant’s principal executive offices)
(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:
[ ] 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))
In this Current Report on Form 8-K, “Company,” “our company,” “us,” “HFRN,” and “our” refer to Hartford Retirement Network Corp., unless the context requires otherwise.
FORWARD-LOOKING STATEMENTS
Our disclosure and analysis in this Current Report on Form 8-K contains some forward-looking statements. Certain of the matters discussed concerning our operations, cash flows, financial position, economic performance and financial condition, and the effect of economic conditions include forward-looking statements. Statements that are predictive in nature, that depend upon or refer to future events or conditions or that include words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “estimates” and similar expressions are forward-looking statements. Although we believe that these statements are based upon reasonable assumptions, including projections of orders, sales, operating margins, earnings, cash flow, research and development costs, working capital, capital expenditures and other projections, they are subject to several risks and uncertainties.
Investors are cautioned that our forward-looking statements are not guarantees of future performance and the actual results or developments may differ materially from the expectations expressed in the forward-looking statements.
As for the forward-looking statements that relate to future financial results and other projections, actual results will be different due to the inherent uncertainty of estimates, forecasts and projections may be better or worse than projected. Given these uncertainties, you should not place any reliance on these forward-looking statements. These forward-looking statements also represent our estimates and assumptions only as of the date that they were made. We expressly disclaim a duty to provide updates to these forward-looking statements, and the estimates and assumptions associated with them, after the date of this filing to reflect events or changes in circumstances or changes in expectations or the occurrence of anticipated events. You are advised, however, to consult any additional disclosures we make in our reports on Form 10-K, Form 10-Q, Form 8-K, or their successors.
Item 1.01 Entry into a Material Definitive Agreement.
On April 2, 2018, Hartford Retirement Network Corp. (the “Company”) entered into and closed an asset purchase agreement with Shanghai Qiao Hong Real Estate, Ltd, Shanghai Qiao Garden Real Estate Group, Ltd and Shanghai Qiao Garden Information Technology, Ltd. (collectively the “Sellers”), pursuant to which the Company purchased for RMB233Million (the “Purchase Price”) assets from the Sellers consisting of land, buildings, right to use, construction use rights and other property rights located in Shanghai. The Company has agreed to pay the Purchase Price in installments over the next 20 months beginning on April 9, 2018 and ending in December 2019. The Sellers are in the business of retirement apartment management to provide the services for the senior retirees in the urban city of Shanghai. The Company intends to pursue this business and expend the retirement services and develop more similar facilities to meet the fast-growing market demands in Shanghai area, China.
The foregoing description of the asset purchase agreement does not purport to be complete and is qualified in its entirety by reference to the complete text of the document, which is filed as an exhibit to this report and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
| Exhibit No. | Description | |
| 10.1 | Asset Purchase Agreement |
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.
April 4, 2018
Hartford Retirement Network Corp.
| By: | /s/ Jimmy Zhou | |
| Jimmy Zhou, CFO/Secretary |
EXHIBIT 10.1