Item 1.01 Entry into a Material Definitive Agreement

On June 28, 2022, we entered into an agreement with Simcor (Jiangsu) Materials Technology Ltd. ("SMTL" or the "Company"), a company formed in the Peoples Republic of China with its registered address at Rom 407, Level 4, Building A, Zhongchuang Service Center, No. 1 Xihu Road, Wujin National Hi-Tech Industrial Zone, pursuant to which we amended ("amended agreement") the Stock Purchase Agreement dated August 20, 2020.

The amended agreement updates the closing provisions of acquisition which allows fast tracking SIMCOR acquisition.

We are preparing all necessary documents and having them certified with Chinese embassy in US for final closing.

The foregoing description of the agreements thereby does not purport to be complete and is subject to, and qualified in its entirety by reference to, the full text of the Agreement which are included in this Current Report as Exhibits 10.1 and 10.2 respectively, and are incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits






Exhibit No.   Exhibit

10.1            Stock Purchase Agreement dated August 20, 2020

10.2            Stock Purchase Agreement Amendment dated June 28, 2022

104           Cover Page Interactive Data File (embedded within the Inline XBRL document)








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