SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01 Other Events.
On April 29, 2022, Green Vision Biotechnology Corp. (the “Company”) announced that the Company entered into a Memorandum of Understanding (“MOU”) with International Supply Chain Alliance Company Limited (“ISCA”), a provider of logistics knowhow and software to warehouse operators and shippers in China and Southeast Asia countries on the even date. The MOU states, inter alia, that the Company intends to collaborate with ISCA by acquiring all of its subsidiaries and existing contractual benefits.
Save and except for exclusivity and confidentiality provisions, the MOU is not intended by the parties to be a legally binding contract. Nevertheless, both parties shall utilize their best endeavors in entering into Definitive Agreements to realize the intended collaboration prior to October 31, 2022.
The intended collaboration with ISCA, as described in the MOU, allows GVBT to expand its existing business scope beyond the green product sector and further into the agricultural sector. GVBT intends to fully utilize ISCA’s trading platform and data in delivering to existing and future alliance members the resulting product suite which could include a new and wide array of agricultural products.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
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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 thereunto duly authorized.
GREEN VISION BIOTECHNOLOGY CORP. |
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Dated: May 3, 2022 |
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/s/ William Ching Wan Lam |
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By: William Ching Wan Lam, Chief Executive Officer |
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EXHIBIT 99.1
Green Vision Biotechnology Corp. Announces Signing a MOU with International Supply Chain Alliance Company Limited
“Green Vision Biotechnology Corp. (“GVBT”) (CIK: 1571804), a company focusing on the development of biofertilizers in the PRC, announced on April 29, 2022 that it has signed a Memorandum of Understanding (MOU) with International Supply Chain Alliance Company Limited (“ISCA”), a provider of logistics knowhow and software to warehouse operators and shippers in China and Southeast Asia countries.
Save and except exclusivity and confidentiality provisions, the MOU is not intended by the Parties to be a legally binding contract. The two parties shall after the signing of the MOU use their best endeavour to negotiate and agree on specific terms and conditions relating to a Definitive Agreement prior to October 31, 2022.
The intended collaboration with ISCA as described in the MOU allows GVBT to expand its existing business scope beyond the green product sector and further into the agricultural sector. GVBT intends to fully utilize ISCA’s trading platform and data in delivering to existing and future alliance members the resulting product suite which could include a new and wide array of agricultural products.
“The collaboration with ISCA will constitute a significant achievement for our Company as we continue to scale up our agricultural businesses and to provide a brand-new logistics platform to our subscribers,” said Mr. William C. W. Lam, Chief Executive Officer of GVBT. “We are delighted to be able to leverage ISCA’s unique data set of its 120,000+ alliance members in adding to the services we currently provide. This will allow trading activities of GVBT to reach new heights as ISCA further streamlines its trading platform and assist members in accessing crucial logistics and trading information.”
“ISCA has boasted top-class standards in sourcing logistic solutions for its members within a successful decade,” said Mr. Edmon C. K. Fung, Chairman and Director of ISCA. “We take pride in being one of the leading logistics technology ecospheres, offering fair and intelligent information in devising efficient and effective solutions to our members. We believe GVBT has the expertise and platform necessary to build upon the outstanding service standards of ISCA, and to craft as a new legacy that provides all alliance members with unique advantages in managing their logistics trade across China and Southeast Asia countries at this stage, and to the globe in future.
Mr. Michael K. T. Leung, Chairman and Director of GVBT, continued, “The collaboration with ISCA will allow us to deliver premium experiences to alliance members in performing trade logistics. It further consolidates our commitment to the agricultural sector and our plan for further global development.”
Cover |
Apr. 29, 2022 |
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Cover [Abstract] | |
Entity Registrant Name | GREEN VISION BIOTECHNOLOGY CORP. |
Entity Central Index Key | 0001571804 |
Document Type | 8-K |
Amendment Flag | false |
Entity Emerging Growth Company | false |
Document Period End Date | Apr. 29, 2022 |
Entity File Number | 000-55210 |
Entity Incorporation State Country Code | NV |
Entity Tax Identification Number | 98-1060941 |
Entity Address Address Line 1 | Rooms 1804-06, 18/F., |
Entity Address Address Line 2 | Wing On House, |
Entity Address Address Line 3 | 71 Des Voeux Road Central, |
Entity Address City Or Town | Hong Kong |
Entity Address Country | CN |
City Area Code | 852 |
Written Communications | false |
Soliciting Material | false |
Pre Commencement Tender Offer | false |
Pre Commencement Issuer Tender Offer | false |
Local Phone Number | 94929967 |
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