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TIANCI INTERNATIONAL, INC.

(CIIT)
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TIANCI INTERNATIONAL, INC. : Entry into a Material Definitive Agreement, Financial Statements and Exhibits (form 8-K)

08/06/2021 | 08:00am EST

Item 1.01 Entry into a Material Definitive Agreement.

Effective August 6, 2021, Tianci International, Inc., a Nevada corporation ("we," "us" or the "Company"), Chuah Su Mei, our Chief Executive Officer, President and Director, and Silver Glory Group Limited, entered into a Stock Purchase Agreement (the "Stock Purchase Agreement") pursuant to which Chuah Su Mei agreed to sell to Silver Glory Group Limited all 1,793,000 shares of common stock of the Company held by her (the "Shares") for cash consideration of Five Hundred Twenty Five Thousand Dollars ($525,000). The Shares represent approximately 73.18% of the issued and outstanding common stock of the Company and are being sold in reliance upon an exemption from registration under the Securities Act of 1933, as amended, pursuant to Section 4(2) thereof. The closing of the sale of the Shares is subject to normal and customary representations and warranties and indemnification provisions.

Upon the closing of the sale of the Shares, all current directors and officers of the Company intend to resign and appoint designees of Silver Glory Group Limited as successors.

The foregoing description of the Stock Purchase Agreement is qualified in its entirety by reference to the Stock Purchase Agreement, which is filed as Exhibit 10.1 to this Current Report and incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.




(d). Exhibits.



Number   Exhibit

10.1       Stock Purchase Agreement, effective August 6, 2021, by and among Tianci
         International, Inc., Chuah Su Mei and Silver Glory Group Limited














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Financials (USD)
Sales 2021 - - -
Net income 2021 -0,07 M - -
Net Debt 2021 0,33 M - -
P/E ratio 2021 -34,9x
Yield 2021 -
Capitalization 2,45 M 2,45 M -
EV / Sales 2020 -
EV / Sales 2021 -
Nbr of Employees -
Free-Float 26,8%
Chart TIANCI INTERNATIONAL, INC.
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Managers and Directors
Zhigang Pei Chief Executive Officer, CFO, Secretary & Director
Shu Fang Gao Independent Director
Fan Liu Independent Director
Yee Man Yung Independent Director
Weiyu Zhu Independent Director
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