Item 8.01 Other Events.

On April 30, 2021, the Board of Directors of Rouge Mountain Mining Group Corp (Rouge) resolved to spin-off of its wholly owned subsidiary, Equity Art Corp Ltd. (EAC) to the shareholders of Rouge's parent company, YaSheng Group (HERB).

Rouge will spin-off 100% of EAC pro rata, which equates to 157,165,783 million shares of EAC common stock to its parent's shareholders as a dividend, based upon their holdings of HERB common stock on the record date. Shareholders will receive one share of EAC common stock for every one share of HERB common stock that they hold on the record date, which is May 15, 2021. The dividend will be payable on or around May 21, 2021.

Rouge Mountain has been a wholly owned subsidiary of HERB for more than 2 years, and Equity Art has been a wholly owned subsidiary of Rouge Mountain for more than 2 years, so the dividend will be sent out unrestricted and therefore exempt from registration. Together with the dividend certificates, disclosure documentation will be included pursuant to SEC Rule 15c2-11.





                                       1

© Edgar Online, source Glimpses