UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act 1934

 

Date of Report (Date of earliest event reported): March 21, 2019

 

Merion, Inc.

(Exact name of registrant as specified in its charter)

 

Nevada

 

333-173681

 

45-2898504

(State or Other Jurisdiction

of Incorporation)

 

(Commission

File Number)

 

(I.R.S. Employer

Identification No.)

 

100 N. Barranca St., #1000

West Covina, CA

 

91791

(Address of Principal Executive Offices)

 

(Zip Code)

 

Registrant’s telephone number, including areas code: (626) 331-7570

 

None

(Former Name or Former Address, is Changed Since Last Report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A2. below):

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ¨

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

 

 
 
 
 

  

Item 1.01   Entry into a Material Definitive Agreement  

 

The information in Item 2.03 is incorporated herein by reference.

 

Item 2.03   Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant   

 

On March 21, 2019, Merion, Inc. (the “Company”) entered into a series of Loan Agreement from Short Term to Long Term (collectively, the “Agreements”) pursuant to which certain creditors of the Company agreed to amend the term of their respective loans (the “Loans”) to a five-year term, effective as of the date of the Agreements. The names of such creditors and their relationships to the Company are as follows:

 

Name

Relationship

Ding Hua Wang

Chairman, Chief Executive and Financial Officer of the Company

Vickie Ho

Executive Vice President of the Company

Hanyang Xu

Mr. Wang’s wife

Chunyan Xu

Mr. Wang’s sister-in-law

Huanxia Xu

Mr. Wang’s father-in-law

Shun Pooi Lam

Former Company director

Lee Mew Get

Wife of former Company director

Xun Wang

Mr. Wang’s son

 

Prior to the effectiveness of the Agreements, the Loans were payable upon demand and had an aggregate outstanding principal amount of approximately $2,713,839. No other terms of the Loans were changed.

 

The form of the Agreements is filed as Exhibits 10.1 to this Current Report on Form 8-K and is incorporated herein by reference. The foregoing summary of the material terms of the Agreements does not purport to be complete and is qualified in its entirety by reference to the full text of the form of Agreement.

 

Item 9.01 Financial Statements and Exhibits

 

(d) Exhibits

 

Exhibit No.

 

Exhibit Title or Description

 

10.1

 

Form of Loan Agreement from Short Term to Long Term, dated March 21, 2019.

 

 

2

 
 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

Merion, Inc.

 

Dated: March 26, 2019

By:

/s/ Ding Hua Wang

 

Ding Hua Wang

 

Chief Executive Officer and Chief Financial Officer

 

 

3

 

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