Item 1.01 Entry into a Material Definitive Agreement.

In January 2020, Ando Holdings Ltd. (the "Company"), a Nevada corporation, entered into several securities purchase agreements (the "Securities Purchase Agreements") with a batch of accredited investors (the "Lenders"), pursuant to which the Company issued promissory notes for an aggregate of $260,000 (the "Outstanding Balance"), with an interest rate of 10% per annum (the "Note"). The Outstanding Balance of the Notes are to be paid within one year beginning from the effective dates of the notes ("Maturity Dates"). The Notes contain an auto renewal clause for one year if the Lender fails to provide notice for redemption on or before 30 days from the Maturity Date. Subject to the terms and conditions set forth in the Note, the Company may prepay all or any portion of the Outstanding Balance of the Note at any time on or before 90 days from the Maturity Date without penalty. Conversely, the Lender may redeem the Note at any time before the Maturity Date, by accepting 90% partial or full Outstanding Balance and giving the Company not less than 30 days' written notice stating the redemption amount and wiring information to the Company. Upon the occurrence of an event of default, the Outstanding Balance shall maintain at the Outstanding Balance immediately prior to the occurrence of the event of default and the Outstanding Balance shall become immediately due and payable. The corresponding issuances are listed as follows.

Name of Lender Effective Date Outstanding Balance ($) Maturity Date

Wu Chih Kao January 1, 2020 50,000.00 January 1, 2021

Lee Hsiu Kung January 3, 2020 30,000.00 January 3, 2021



Jao Tzu Yun    January 7, 2020         60,000.00        January 7, 2021

Li Cai Zhen    January 10, 2020       100,000.00        January 10, 2021

Wu Tai Lin     January 17, 2020        20,000.00        January 17, 2021

Unless specifically defined herein, the capitalized terms shall have the meanings as defined in the respective documents attached herein. The forgoing terms are qualified in their entirety by the actual Securities Purchase Agreement and the Note attached herein as Exhibits 10.1 and 10.2, respectively.

Item 9.01 Financial Statements and Exhibits.





(d) Exhibits.



Exhibit No.   Exhibits

  10.1        Sample Securities Purchase Agreement

  10.2        Sample Promissory Note Agreement























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