Sharing Economy International Inc. announced that it has entered into a Note Purchase Agreement with returning investor Pyram LC Architecture Limited for a private placement of a convertible note in the principal amount of $38,462 on November 30, 2021. The note is a convertible into shares of the common stock at a price equal to 70% of the average closing prices for the company's common stock during the ten trading day period ending on the latest complete trading day prior to the conversion date on May 29, 2022. The company shall have the option, in its sole and absolute discretion, to repay the outstanding amount in full on or before the conversion date.

The transaction is expected to close on or before May 29, 2022.