Item 1.01 Entry into a Material Definitive Agreement

On November 18, 2021, Wave Sync Corp. (the "Company") entered into a Share Purchase/Exchange Agreement (the "Agreement") with Center Florence Holding LLC (the "Parent") and Center Florence, Inc. ("CFI"), a wholly-owned subsidiary of the Parent. Under the Agreement, Parent will sell and transfer one hundred percent (100%) of its shares in CFI to the Company in exchange for four million six hundred thousand (4,600,000) shares (the "Exchange Shares") of the Company's common stock (the "Common Stock"), par value $0.001 per share, at an agreed price of $4.00 per share of the Common Stock for a total valuation of $18,400,000 of CFI.

The Company will enter into commercial and industrial real estate business through its newly acquired subsidiary CFI, which owns three operating entities: (i) Florence Development LLC (in the business of purchasing, holding, salvaging, renovating, leasing and/or mortgaging real property and related improvements located in Florence, South Carolina); (ii) Royal Park LLC (dba The Country Club of South Carolina, operating as a golf club in Florence, South Carolina), and (iii) St. Louis Center, LLC (operating a recreational sports facility located in Affton, Missouri). Pursuant to the Agreement, the Parent shall not offer, sell, pledge or otherwise dispose of any of the Exchange Shares until one-year anniversary from the date of this Agreement. The parties to this Agreement shall close the transaction contemplated therein on December 1, 2021 or another date as mutually agreed by all of the parties thereto.

The foregoing summary description of the Agreement is subject to and qualified in its entirety by full text of the Agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.





Exhibit
Number    Description

10.1        Share Purchase/Exchange Agreement dated November 18, 2021 by and among
          Wave Sync Corp., Center Florence Holding LLC and Center Florence, Inc.

104       Cover Page Interactive Data File (embedded within the Inline XBRL
          document)




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