Item 1.01 Entry into a Material Definitive Agreement.

From March to April 2020, Ando Holdings Ltd. (the "Company"), a Nevada corporation, entered into several securities purchase agreements (the "Securities Purchase Agreements") with a batch of accredited investors (the "Lenders"), pursuant to which the Company issued promissory notes for an aggregate of $470,000 (the "Outstanding Balance"), with an interest rate of 10% per annum (the "Note"). The Outstanding Balance of the Notes are to be paid within one year beginning from the effective dates of the notes ("Maturity Dates"). The Notes contain an auto renewal clause for one year if the Lender fails to provide notice for redemption on or before 30 days from the Maturity Date. Subject to the terms and conditions set forth in the Note, the Company may prepay all or any portion of the Outstanding Balance of the Note at any time on or before 90 days from the Maturity Date without penalty. Conversely, the Lender may redeem the Note at any time before the Maturity Date, by accepting 90% partial or full Outstanding Balance and giving the Company not less than 30 days' written notice stating the redemption amount and wiring information to the Company. Upon the occurrence of an event of default, the Outstanding Balance shall maintain at the Outstanding Balance immediately prior to the occurrence of the event of default and the Outstanding Balance shall become immediately due and payable. The corresponding issuances are listed as follow.

Name of Lender Effective Date Outstanding Balance ($) Maturity Date



Hsu Chin Chang March 12, 2020              100,000.00 March 12, 2021
Huang Yu       March 13, 2020              100,000.00 March 13, 2021
Lin Po Chung   March 18, 2020               20,000.00 March 18, 2021
Lien Chia Yun  March 24, 2020              200,000.00 March 24, 2021
Lee Pei Hsuan  April 01, 2020               50,000.00 April 01, 2021

Unless specifically defined herein, the capitalized terms shall have the meanings as defined in the respective documents attached herein. The forgoing terms are qualified in their entirety by the actual Securities Purchase Agreement and the Note attached herein as Exhibits 10.1 and 10.2, respectively.

Item 9.01 Financial Statements and Exhibits.





(d) Exhibits.



Exhibit No.   Exhibits

  10.1        Sample Securities Purchase Agreement

  10.2        Sample Promissory Note Agreement























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