Sino Green Land Corporation entered into a Debt-to-Equity Conversion Agreement on September 30, 2026, to settle outstanding loans with controlling persons and related entities.
Under the agreement, the Company cancelled unsecured, non-interest-bearing demand loans totaling US$2,400,528. These obligations were converted into an aggregate of 4,801,056 shares of the Company’s common stock, with a fixed conversion price of US$0.50 per share.
The shares were allocated as follows:
- 2,795,340 shares to Luo Xiong and Wo Kuk Ching (US$1,397,670 principal).
- 1,751,716 shares to Empower International Trading Sdn. Bhd. (US$875,858 principal).
- 254,000 shares to Xu Liming (US$127,000 principal).
The transaction was effected without a public offering, relying on exemptions from registration under Section 4(a)(2) of the Securities Act of 1933 and/or Regulation D or Regulation S.
