Eastern International Ltd. Form 6-K Summary
Business Context and Reporting Period
This Form 6-K report covers the month of August 2026 for Eastern International Ltd., a Cayman Islands company. The filing discloses a material corporate transaction involving the issuance of preferred shares to the company's Chairman and CEO.
Key Financial Metrics
The filing does not provide standard financial metrics such as revenue, profit, cash flow, margins, debt, or liquidity. The only financial data disclosed relates to the specific transaction described below:
- Transaction Value: US$200,000 aggregate purchase price.
- Shares Issued: 200,000 Series B Preferred Shares.
- Price Per Share: US$1.00.
Material Changes
On August 27, 2026, the Company entered into a Securities Purchase Agreement with Mr. Albert Wong, the Chairman of the Board and Chief Executive Officer. Key terms include:
- Voting Rights: Each Series B Preferred Share carries 100 votes at the general meeting.
- Conversion Rights: Every two Series B Preferred Shares are convertible into one ordinary share at the holder's option.
- Approval: The issuance was approved by a special committee of the Board and the Board of Directors.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, or outlook for future periods. No specific risks or contingencies are detailed beyond the standard disclaimer that the summary is qualified by the full text of the attached Securities Purchase Agreement (Exhibit 10.1).
Investor Verification Checklist
- Verify the full terms of the Securities Purchase Agreement in Exhibit 10.1, particularly regarding voting control implications.
- Confirm the impact of the 100-vote-per-share structure on existing ordinary shareholders.
- Review the conversion mechanics to understand potential dilution of ordinary shares.
- Note that no financial performance data is included in this specific filing.