Gushen, Inc. entered into an agreement to acquire Dyckmanst Limited from the shareholders.
July 29, 2021
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Gushen, Inc. (OTCPK:GSHN) entered into an agreement to acquire Dyckmanst Limited from the shareholders on July 30, 2021. Gushen will be acquiring 200 ordinary shares of Dyckmanst in exchange for 381,600,000 shares of common stock. Dyckmanst Limited in exchange for 381,600,000 shares of common stock. Immediately prior to the closing of the Share Exchange, two existing holders of aggregated 30,000,000 shares of Series A preferred stock of Gushen, delivered 29,000,000 shares of Preferred Stock to Gushen for cancellation. As a result, immediately following the closing of the Share Exchange, there are 410,618,750 shares of Common Stock issued and outstanding and 1,000,000 shares of Preferred Stock issued and outstanding. The Share Exchange was accounted for as a reverse merger and recapitalization effected by an acquisition. Acquired all of the capital stock of Dyckmanst Limited and assumed the operations of Dyckmanst Limited and its wholly owned PRC subsidiary, Fengyuan Beijing, pursuant to a Share Exchange. Prior to the Share Exchange, WWC was the independent accountants for Dyckmanst Limited and Fengyuan Beijing.
Gushen, Inc. is a holding company. The Company through, Beijing Zhuoxun Century Culture Communication Co., Ltd. (Zhuoxun Beijing), delivers onsite educational services to parents through its nationwide physical network of regional collaborative education agencies. Zhuoxun Beijing's onsite educational services include programs, such as individual development, youth leadership development, and parenting schools, enabling in-person guidance and interactions in classes. In addition, Zhuoxun Beijing also provides online education to parents through their mobile application, Wisdom Lighthouse. Zhuoxun Beijing's products provide two sets of curricula, such as Good Parentig and Wise Parents. Good Parenting is focused on child development, provides courses, including emotional intelligence (EQ) training, learning habits, learning ability, and others. Wise Parents introduces general strategies of family education to parents. It also sells household products through its application.