Sharing Economy International Inc. announced that it has entered into a note purchase agreement to issue a note in the principal amount of $102,564 on July 29, 2021. The note is a convertible into shares of the common stock of the company 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. Interest on this note shall be computed on the basis of a year of 365 days for the actual number of days elapsed and shall accrue, but not compound, daily.