Scientific Energy, Inc. announced that it expects to receive $0.24 million in funding from FAITHFUL SECURITY LTD
March 12, 2024
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Scientific Energy, Inc. announced that it has entered into a Stock Purchase Agreement with new investor Faithful Securities Limited to issue 480,000 shares at an issue price of $0.50 per share, for an aggregate of purchase price of $240,000 on March 13, 2024. The Shares were offered and sold in reliance upon exemptions from registration pursuant to Section 4(2) under the Securities Act and Rule 506 promulgated thereunder. The Agreement executed in connection therewith contain representations to support the Company?s reasonable belief that, among other things, the Investor had access to information concerning its operations and financial condition, that the Investor acquired the Shares for its own account and not with a view to the distribution thereof, and that the Investor is an ?accredited investor?
as such term is defined in Regulation D promulgated under the Securities Act.
Scientific Energy, Inc. is a mobile platform for ordering and delivery services for restaurants or other merchants. The Company operates in Macau and its businesses are built on its platform, Aomi App (the Platform). The Platform connects restaurants/merchants with consumers and delivery riders. It offers customers access to the Platform primarily through its mobile applications designed for iPhone, Android, and iPad devices. In addition to food, customers can also order grocery and other non-food merchandise through its Platform, Aomi Supermarket, such as fruits and vegetables, meat, poultry, eggs and milk, seafood and aquatic products, grain, oil, seasoning, snacks, beverages and other groceries. The Platform allows customers to direct delivery riders to purchase the desired merchandise at the Aomi Supermarket and deliver to them. The Company's subsidiaries include Macao E-Media Development Company Limited, a Macau Company and Gold Gold Gold Limited (3G), a Hong Kong company.
SCIENTIFIC ENERGY, INC. 
