Item 1.01 Entry into Material Agreement.
On August 9, 2021 Stark Focus Group, Inc. (the "Company") entered into a share
purchase agreement with Chun Yin Billy Chan wherein the Company will sell its
10,000 shares of its wholly owned subsidiary, Common Design Limited of Hong
Kong, for a consideration of Ten Thousand Hong Kong Dollars (HK$10,000.00). The
10,000 shares represent all of the issued and outstanding shares of Common
Design Limited. The transaction was consummated on September 9, 2021.
On August 18, 2021, Mario Todd, the previous majority shareholder of the
Company, entered into a stock purchase agreement for the sale of 8,280,000
shares of Common Stock of the Company, to Compass North Holdings Limited, an
accredited investor, together with the grant of an option to purchase an
additional 20,000 shares. The purchase and sale transaction was consummated on
September 9, 2021.
Also on September 9, 2021, Compass North Holdings Limited purchased 8,280,000
shares of the Company's common stock, at a price of US$0.0524 per share.
Item 2.01 Completion of Acquisition or Disposition of Assets.
The transactions described above were completed on the dates set forth above and
the information provided in Item 1.01 of this Current Report on Form 8-K is
hereby incorporated by reference into this Item 2.01.
Item 5.01 Changes in Control of Registrant.
The transactions described above were completed on the dates set forth above and
the information provided in Item 1.01 of this Current Report on Form 8-K is
hereby incorporated by reference into this Item 2.01.
As a result of the acquisition of 8,280,000 shares of common stock from Mario
Todd, Compass North Holdings Limited holds approximately 81% of the issued and
outstanding shares of Common Stock of the Company, and as such it is able to
unilaterally control the election of our board of directors, all matters upon
which shareholder approval is required and, ultimately, the direction of our
Company. The total common shares outstanding was 10,220,830 as of August 17,
2021.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Principal Officers; Compensatory Arrangements of Certain
Officers.
On September 10, 2021 the Board of Directors accepted the resignation of Mr.
Adam Kuen Hin Lui as a Director and Officer of the Company. At the same time the
Board elected Cao Zhi Fen as a Director and Officer of the Company.
Cao Zhi Fen - Age 39
Ms Cao attended the Guangdong University of Finance & Economics and graduated in
2005 with a Bachelor in Business. Since her graduation, Ms Cao has had
experience working both as an Accountant and Auditor in China Wuyige Certified
Public Accountants LLP. Subsequently in 2012, Ms Cao moved on to a managerial
role in China HHT*Huhuatong E-Marketing Agency. Ms Cao has extensive experience
with Internet Marketing channels and Sales.
Mario Todd remains the Chief Executive Officer, President, Chief Financial
Officer and Treasurer of the Company.
Item 9.01 Exhibits.
10.1 Share Purchase Agreement
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