Item 5.01 Changes in Control of Registrant.
On February 9, 2022, as a result of a private transactions, 10,000,000 shares of
Series A Preferred Stock, $0.001 par value per share (the "Shares") of Alpine
Auto Brokers Inc. (formerly Balincan International Inc.), a Nevada corporation
(the "Company"), were transferred from Custodian Ventures, LLC to MetaVerse
Investment Group (the "Purchaser"). As a result, the Purchaser became the holder
of 90% of the voting rights of the issued and outstanding share capital of the
Company on a fully-diluted basis of the Company, and became the controlling
shareholder. The consideration paid for the Shares was $420,000, with $20,000
being held back pending certain public filings of the Company. The source of the
cash consideration for the Shares was personal funds of the Purchaser. In
connection with the transaction, David Lazar released the Company from all debts
owed to him and/or Custodian Ventures, LLC.
Other than as described below, there are no arrangements or understandings among
both the former and new control persons and their associates with respect to the
election of directors of the Company or other matters. The information set forth
in Item 5.02 of this Form 8-K is incorporated by reference into this Item 5.01.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On February 9, 2022, the existing director and officer resigned immediately.
Accordingly, David Lazar, serving as a director and an officer, ceased to be the
Company's Chief Executive Officer, Chief Financial Officer, President,
Treasurer, Secretary and a Director. At the effective date of the transfer,
Zibin Xiao consented to act as the new Chief Executive Officer, President, and
member of the Board of Directors. Also on February 9, 2022, Zonghan Wu consented
to act as the new CFO, Treasurer, Secretary, and Chairman of the Board of
Directors of the Company.
Zibin Xiao, CEO - From October 2020 to the present, Zibin Xiao has been the
project supervisor at the Istanbul, Turkey Star River decoration project. From
July 2019 to December 2019, he was the project supervisor at the Manila,
Philippines Star River project. From July 2017 to June 2019, Zibin Xiao was the
vice-general manager at the Chuxiang decoration project in Dongguan City,
Guangdong Provine. From June 2016 to July 2017, he was the general manager
assistant at the Hunan Baisheng decoration Dongguan branch. Zibin Xiao received
his Bachelor's degree from Chingqing Southwest University of Political Sciense
and Law in 2008.
Zonghan W, CFO - Mr. Wu holds a Bachelor of Commerce degree from the University
of Auckland in New Zealand. He worked for Opus International Consultants as a
Business Analyst in New Zealand from 2004 to 2007. He worked for Nestle as a
Commercial Analyst from 2008 to 2011. Currently he is Managing Director of
Shanghai JAZ Management Consulting Co. Ltd in Shanghai. He is Company Secretary
of Alliance Recovery Corp., Director and Company Secretary of ACC Aviation
Holdings Ltd, Director and Company Secretary of SSHT S&T Group Ltd.
Item 5.03 Amendments to Articles of Incorporation or By-Laws; Change in Fiscal
Year.
On January 28, 2022, the Company, amended its articles of incorporation change
its name back to Alpine Auto Brokers Inc. The change was made because the
Company failed to complete its prior name change with FINRA.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
3.1 Certificate of Amendment, filed with the Secretary of State of the State
of Nevada on January 28, 2022.
99.1 STOCK PURCHASE AGREEMENT, dated February 9, 2022, by and between
Custodian Ventures,. LLC and MetaVerse Investment Group
99.2 DIRECTORS RESOLUTIONS, dated February 9, 2022.
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