MU Global Holding Ltd.

07/30/2024 | Press release | Distributed by Public on 07/30/2024 06:12

Material Agreement Form 8 K

Item 1.01. Entry into a Material Definitive Agreement.

On July 30, 2024, Vanguard Green investment Limited. (the "Company") entered into certain share purchase agreement (the "Disposition SPA") by and among Xie Ling (the "Purchaser"), MU Global Health Management (Shanghai) Limited (the "Subsidiary") and MU Global Holding Limited (the "Seller"). Pursuant to the Disposition SPA, the Purchaser agreed to purchase the Subsidiary, in exchange for consideration of $11,975.00 (the "Purchase Price"). The Company's board of directors (the "Board") approved the transaction contemplated by the Disposition SPA (the "Disposition"). The Disposition closed on July 30, 2024 when all closing conditions were satisfied, including the payment of the Purchase Price, and all consents or approval required to be obtained from or made with any governmental authorities. Upon the closing of the Disposition, the Purchaser became the sole shareholder of the Subsidiary and as a result, assumed all assets and liabilities of all the subsidiaries and variable interest entities owned or controlled by the Subsidiary.

The above description of the terms of the Disposition SPA is qualified in its entirety by reference to the complete text of the Disposition SPA which is attached hereto as Exhibit 10.1.

Below is the Company's organizational structure chart prior to the consummation of the Disposition.