Entry into a Material Definitive

Effective February 27, 2018, and March 1, 2018, we, through Foshan Cosmos Xi Yue Car Rental Co., Ltd., our wholly foreign owned entity, entered into three loan agreements with China Merchants Bank Co., Ltd. in the following principal amounts (each, a Loan, and collectively, the Loans):

Date of Loan

Principal Amount

Collateral

February 27, 2018

RMB 3,900,000

RMB Deposit of 3,915,000

March 1, 2018

RMB 3,120,000

RMB Deposit of 3,132,000

March 2, 2018

RMB 3,120,000

RMB Deposit of 3,132,000

Each Loan accrues interest at a rate of 5% above the Bank of China Benchmark Lending Rate and matures 12 months from the date of actual loan issuance. Each Loan is secured by a de posit of renminbi in the amounts set forth above.

The foregoing descriptions of the Loan Agreement and the Collateral Agreement are qualified in their entirety by reference to such agreements, an English translation of which has been provided by COSG and is filed as Exhibits 10.1 and 10.2 to this Current Report and incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.

Description

10.1

Form of Loan Agreement, by and between China Merchants Bank Co., Ltd. Foshan Branch and Foshan Cosmos Xi Yue Car Rental Company Limited.

10.2

Form of Collateral Agreement, by and between China Merchants Bank Co., Ltd. Foshan Branch and Foshan Cosmos Xi Yue Car Rental Company Limited

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.

COSMOS GROUP HOLDINGS INC.

Dated: May 30, 2018

By:

/s/ Koon Wing Cheung

Koon Wing Cheung

Chief Executive Officer

makes a similar move, sign up!

Other recent filings from the company include the following:

Cosmos Group Holdings: None - July 7, 2020
Cosmos Group Holdings Inc. Just Filed Its Quarterly Report: Management has evalu... - June 29, 2020

Auto Refresh

Feedback