Business Context and Reporting Period
This Form 6-K filing covers the month of November 2017 for China Internet Nationwide Financial Services Inc. (the "Company"). The filing reports on a material definitive agreement entered into on November 14, 2017, by Sheng Ying Xin (Beijing) Management Consulting Co., Ltd., a contractually controlled and managed company of the registrant.
Key Financial Metrics
The filing does not provide standard financial metrics such as revenue, profit, cash flow, margins, debt, or liquidity for the reporting period. The document focuses exclusively on the terms of a specific acquisition transaction.
- Transaction Value: Total cash consideration of RMB 12,000,000 (approximately US$1,808,326).
- Down Payment: RMB 200,000 (approximately US$30,121) due within two days of execution.
- Second Payment: RMB 5,000,000 (approximately US$753,034) due within two days after shareholder change registration.
- Balance Payment: Remaining consideration due within two days after delivery of relevant certificates, licenses, and documents.
Material Changes
The primary material change is the entry into an Equity Transfer Agreement to acquire 100% of the issued and outstanding equity interest of Beijing Anytrust Science & Technology Co., Ltd. ("Anytrust"). The transaction is subject to satisfactory due diligence on Anytrust.
Outlook, Risks, and Contingencies
The completion of the acquisition is contingent upon satisfactory due diligence. The filing incorporates the full Equity Transfer Agreement and a press release as exhibits. No specific forward-looking guidance or management commentary regarding future financial performance is provided in this text.
Investor Verification Checklist
- Verify the completion status of the due diligence on Beijing Anytrust Science & Technology Co., Ltd.
- Confirm the successful registration of the shareholder change with the relevant Administration of Industry and Commerce.
- Review the attached Equity Transfer Agreement (Exhibit 10.1) for additional covenants or conditions not summarized in the text.
- Monitor subsequent filings for confirmation of the final payment and transfer of control.