Current Report Filing (8-k)
17 April 2018 - 12:56AM
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 16, 2018 (April 4, 2018)
National Art Exchange, Inc.
(Exact name of registrant as specified in its
charter)
Nevada
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333-199967
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30-0829385
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(State or other jurisdiction
of incorporation)
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(Commission File Number)
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(IRS Employer
Identification No.)
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200 Vesey Street, 24Fl, Unit 24183
New York NY 10281
(Address of Principal Executive Offices)
+646-952-8680
(Issuer’s telephone number)
Check the appropriate box below if the Form
8-K filing is intended to simultaneously satisfy the filing obligation to 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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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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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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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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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 8.01. Other Events.
On April 04, 2018, National Art Exchange,
Inc. (the “Company) entered into a non-binding Memorandum of Understanding (the “MOU’) with Chinese Culture Exchange
Holdings Limited (the “Target”), a corporation formed under the laws of Hong Kong, pursuant to which the Company and
the Target will enter into a definitive merger agreement (the “Merger Agreement”) to combine their business and operation
through a method or structure in compliance with both U.S. securities law and the laws of Hong Kong Special Administrative Region
of the People’s Republic of China (the “Business Combination”).
The MOU shall expire on (i) the execution
of the Merger Agreement, (ii) termination by mutual consent of both the Company and the Target; or (iii) March 30, 2019. The closing
of the Business Combination is subject to customary terms and conditions, including, but not limited to, completion of due diligence,
negotiation and execution of definitive Merger Agreement between the parties and the delivery of audited and unaudited financial
statements of the Target as required under applicable rules of the Securities and Exchange Commission. In addition, completion
of the transaction is subject to approval by our board of directors.
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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.
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National Art Exchange, Inc.
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Date: April 16, 2018
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By:
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/s/
Qingxi Meng
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Name:
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Qingxi Meng
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Title:
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Chief Executive Officer
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