Clark Orient Limited acquired 84.9% stake in Ecomat Inc. from Wwyd, Inc. and Ivo Heiden for $0.32 million.
January 11, 2021
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Clark Orient (BVI) Limited entered into a stock purchase agreement to acquire 84.9% stake in Ecomat Inc. (OTCPK:ECMT) from Wwyd, Inc. and Ivo Heiden ("Sellers") for $0.32 million on January 5, 2021. Sellers agreed to sell to Clark Orient and the Clark Orient agreed to purchase from the sellers, a total of 20,205,000 shares of the Ecomat’s common stock, representing approximately 85% of the issued and outstanding capital stock of the Ecomat. Upon the execution of the Escrow Agreement, Clark Orient wired $50,000 deposit to the Escrow Agent. On December 14, 2020, the Escrow Agent confirmed receipt of the $50,000 deposit. Unless the Escrow Agreement has been earlier terminated according to its terms, Clark Orient shall deliver the balance of the purchase price, in the amount of $270,000 to the Escrow Agent on or before January 6, 2021. The full amount of the purchase price shall be released to sellers by the Escrow Agent at the closing. Heiden owns 13,230,000 as of the date of closing and WWYD owns 6,975,000 restricted shares of common stock. The transaction has resulted in a change in control of the Ecomat. Clark Orient used personal funds to acquire 85% stake in Ecomat Inc. On January 6, 2021, Ecomat accepted the resignation of Ivo Heiden, as the Ecomat’s Chief Executive Officer, Chief Financial Officer, and Chairman of the Board of Directors. These resignations were given in connection with the consummation of the Agreement with the Clark Orient and were not the result of any disagreement with Ecomat on any matter relating to Ecomat’s operations, policies or practices. Yang Gui was appointed as Chief Executive Officer, Chief Financial Officer, sole director, and Chairwoman of the Board of Directors of Ecomat. These appointments became effective on January 6, 2021. Amy Merrill of Standard Registrar and Transfer Company acted as transfer agent to Ecomat.
Clark Orient (BVI) Limited completed the acquisition of 84.9% stake in Ecomat Inc. (OTCPK:ECMT) from Wwyd, Inc. and Ivo Heiden on January 7, 2021.
Ecomax, Inc. is engaged in selling and distributing Rocitin NMN products to customers in the Territory. Rocitin NMN is a nutritional supplement manufactured by Pharmazeutische Fabrik Evers GmbH & Co. KG, a German company. Each bottle contains 60 capsules, 10080 mg of NMN. NMN, as β-Nicotinamide Mononucleotide exists in some fruits, vegetables, and poultry. It is a molecule naturally occurring in all life forms and can be transformed into a significant coenzyme NAD+ within cells, which is important to human metabolism. Its research, including Nicotinamide mononucleotide (NMN) as an anti-aging health product has shown that NAD+ levels in the body will decrease with age, and that exogenous supplementation of NMN enhances NAD+ levels and thus the function of human cells. In addition, NMN also helps to repair broken DNA, regulate the stability of DNA and cell death, and improve neurodegenerative and metabolic conditions.