VIVIC CORP. Item 2.01 Completion of Acquisition or Disposition of Assets.
On
Guangzhou Monte Fino holds the exclusive license to use the brand "Monte Fino"
in mainland
The acquisition of Guangzhou Monte Fino is a milestone for the Company's
business in mainland
Subsequent to the acquisition, Guangzhou Monte Fino will assume the continuing operations of the post-acquisition entity, and its senior management acted as the senior management of the post-acquisition entity. The acquisition is considered as a re-capitalization of the company. Therefore, the assets, liabilities and operating results of Guangzhou Monte Fino will be merged with us from the date of acquisition.
We are a corporation established under the corporation laws in the
Wen-Chi Huang became Chairman of the Board and a Board Director.
Effective on
Starting
There are currently two main sectors in the Company's business:
1)In mainland
2)For the global energy market, we developed a series of oil and gas energy-saving products with new energy-saving technologies. This cross-century energy-saving solution can be applied in various scenarios with oil and natural gas as energy sources. This energy-saving innovative technology will also be applied to new energy-saving ships and traditional boat reconstruction equipment to save energy.
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Corporate Structure:
Upon the acquisition of Guangzhou Monte Fino, our corporate structure is as
follows:
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Brief Description of the Business of Guangzhou Monte Fino
Guangzhou Monte Fino is committed to building a yacht wharf centered business
with multiple channels of revenues. It focuses on the wharf construction
operation, yacht R&D, brand promotion, marketing and resource integration. It
combines the online platform with numerous third party service providers to
deliver yacht based recreational and leisure packages and services. Guangzhou
Monte Fino was incorporated in
Guangzhou Haishangshengshi yacht co., LTD., focusing on yacht sales, yacht rental, Internet platform development and operation;
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Business and Services
Guangzhou Monte Fino's business operations mainly consist of:
Operation of the yacht wharf:
Acquire the right to the construction land of the yacht wharf, co-develop the yacht wharf with local developers and operate the yacht wharf afterwards
Yacht sales: Guangzhou Monte Fino is the general agent of Monte Fino yacht brand
in mainland
Yacht leasing: we operate yacht leasing business in
Internet platform development and operation: the company has developed an Internet yacht platform with the brand of Surf ("Xianglang"). Through the distribution mechanism, the company enrolled members and sold membership subscription to expand yacht consumption customers. It provides marine tourism products through the time share mechanism.
Yacht maintenance: provide yacht maintenance service for Chinese mainland customers.
New energy yacht research and development: research and development through full electric or hybrid electric yacht, reduce the cost of yacht tourism operation, protect the earth environment, and reduce the use of yacht pollution.
Core Strengths
Our business has the following core strengths to meet the needs of our merchants and consumers.
Industrial chain support of yacht factory. Through cooperation with various
yacht companies, and with the support of
Closer to the mainland
Technology. In terms of technology, the Company has a sound R&D system for yacht
research and development, and at the same time, it cooperates with excellent
design companies in
Outstanding cost performance. Compared with
Flexibility of customization. The company has a strong ability to produce products according to customers' specific requirements. According to the consumption environment of the target market, it can carry out different interior design and
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decoration for the same type of ship, and regardless of Chinese and international customers, it can understand the production process of the yacht at any time, timely adjust the function design.
Merchant/user scale. We want to include products from mass market merchants, such as food and beverages, as part of our products and services. We believe that by adopting a blockchain driven incentive model, simple to complex transactions will be more effectively extended to the mass market.
Brand. We believe that one of the benefits of our brand is that Monte Fino, as a luxury yacht brand, has been established for many years and has good quality control and customer reviews, as well as good customer reviews on the internet platform. A good brand image will help our ecosystem gain more users, distributors and merchants.
Sales and Marketing
Brand awareness. We raise the profile of our company, products, and services directly through the following platforms: mobile applications, social media platforms, in-person promotions, events, and cross-working with business partners.
·Mobile applications: consumers access our products through our mobile platform. Businesses promote their products through the same platform.
·Social media platforms: we promote our products and ecosystem on various social media platforms, including trill, purchase, local BBS, and WeChat Moments.
·Face to face: notify potential users by word of mouth.
·Business partners: we actively seek brand partners to cross-promote our brands, products and services.
·Recommendation and distributor: we actively encourage the development of distributor and subsidiary communities, which will encourage the sale of our products and services.
Offline marketing.
·Ground promotion: use shopping malls, squares, hotels and other channels to obtain customers and traffic.
·Membership: development through member recommendation.
·Alliance: promote brands and products by cooperating with other industries without competition.
Markets and Regions-Greater China includes Taiwan and
The yacht industry in mainland
According to international practice, when GDP per capita reaches
On the consumption side, Hurun wealth report 2010 shows that there are 875,000
multimillionaires and 55,000 billionaires in mainland
Item 9.01 Financial Statements and Exhibits.
Financial statements of business acquired.
The Audited Consolidated Financial Statements and Unaudited Consolidated Financial Statements of Guangzhou Monte Fino are filed as Exhibit 99.1to this current report and are incorporated herein by reference.
Financial statements of business acquired.
The unaudited Consolidated Financial Statements and Unaudited Consolidated Financial Statements of Guangzhou Monte Fino are filed as Exhibit 99.2 to this current report and are incorporated herein by reference.
Pro forma financial information.
Unaudited Pro Forma Financial Statements are filed as Exhibit 99.2 to this current report and are incorporated herein by reference.
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