Current Report Filing (8-k)
29 April 2020 - 4:39AM
Edgar (US Regulatory)
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 of 1934
Date
of report (Date of earliest event reported): April 28, 2020
Kiwa
Bio-Tech Products Group Corporation
(Exact
Name of Registrant as Specified in Charter)
Nevada
|
|
000-33167
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77-0632186
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(State
or Other Jurisdiction
|
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(Commission
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(IRS
Employer
|
of
Incorporation)
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File
Number)
|
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Identification
No.)
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3200
Guasti Road, Suite 100
Ontario,
CA
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91761
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(Address
of Principal Executive Offices)
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|
(Zip
Code)
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Registrant’s
telephone number, including area code: (626) 715-5855
(Former
name or former address, if changed since last report)
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class
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Trading
Symbol
|
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Name
of exchange on which registered
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Common
Stock par value $0.001
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KWBT
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|
OTCQB
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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:
[ ]
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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|
|
[ ]
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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[ ]
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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|
[ ]
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Pre-commencement
communications pursuant to Rule 13e-4 (c) under the Exchange Act (17 CFR 240.13e-4(c)
|
TABLE
OF CONTENTS
ITEM
1.01 ENTRY INTO MATERIAL DEFINITIVE AGREEMENT
Kiwa
Bio-Tech Products Group Corporation (the “Company”), together with its wholly owned subsidiary, Kiwa Bio-Tech (Yangling)
Co. Ltd (“Yangling”) and its strategic partner Shaanxi Xibaokun Agricultural Technology Co., Ltd., (Xibaokun) have
established a joint venture to address ring-fenced soil remediation projects.
Presently,
the Chinese government has vigorously promoted the treatment and restoration of polluted land and water resources and plans to
invest significant funding to implement remediation projects. Through many experiments related to remediation and restoration
of polluted agricultural land, the government has recognized the Company’s core microbial technology as one of the principal
technologies for remediation of soil and water resources.
At
this time, Yangling and Xibaokun has established Yangling Kangxi Agricultural Technology Development Co., Ltd. (Kangxi), with
environmental protection as its main business strategy. Xibaokun holds 60% of the equity and Kiwa Bio-Tech (Yangling) Co. Ltd
(“Yangling”) holds 40% of the equity of Kangxi.
Along
with company’s core technology, Kangxi will engage in technical cooperation with Northwest Agricultural and Forestry University
of science and technology, Northwest University, Fudan University and Qingdao VLand Bio-Tech Inc. and Xibaokun, which will take
advantage of its government resource relationship to implement soil and water resources remediation and treatment projects with
government agencies in Shaanxi province and Zhejiang.
This
joint venture will extend the Company’s business plan from the original agricultural fertilizer market to enter the soil
restoration business field.
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.
Dated:
April 28, 2020
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Kiwa
Bio-Tech Products Group Corporation
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/s/
Wade Li
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By:
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Wade
Li
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Title:
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Chief
Executive Officer
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