Item 1.01 Entry into a Material Definitive Agreement
On June 13, 2022, Sharing Economy International Inc. ("SEII", the "Company"),
And Quantron AG ("Quantron") Entered into a Memorandum of Understanding, whereby
the two companies entered into the plan to jointly develop a joint venture
company for the commercialization and distribution of the whole range of
environmental zero-emission electric and hydrogen vehicles and products.
Referring to the European Union proposal of effective ban for new fossil-fuel
cars from 2035, the demand for environmental zero emission new energy vehicles
will increase. Under the new joint venture, SEII shall be considered as a
distributor for the products which will be supplied and branded by Quantron. The
foregoing description of the Strategic Framework Agreement does not purport to
be complete and is qualified in its entirety by reference to the complete text
of the Agreement, which is incorporated herein by reference and attached hereto
as exhibit 10.1.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. Description
10.1 Memorandum of Understanding dated June 13, 2022 by and between
Sharing Economy International Inc. And Quantron AG
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