Item 8.1 Other Events

On August 12, 2020, the Board of Director of Vivic Corp ("Company") adopted the resolution to cancel 1,463,755 shares of common stock.

On September 23, 2020, the Company's wholly owned subsidiary Guangzhou Monte Fino Yacht Co. Ltd established a subsidiary Zhejiang Jiaxu Yacht Co., Ltd in Wenzhou, China in order to carry out the marina construction and yacht operation business in Wenzhou area, China.

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