ntry into a Material Definitive

 


 


On July 28, 2021, Code Chain New Continent Limited
(the “Company”) entered into an asset purchase agreement with certain seller(the “Seller”) pursuant to which the
Company agreed to purchase from the Seller digital currency mining machines for a total purchase price of RMB 106,388,672.43, or US$ 16,442,109.95
(based on the exchange rate between RMB and USD of 1: 6.4705 as of July 8, 2021), payable in the form of 7,647,493 shares of common stock
of the Company(“CCNC Shares”). The CCNC Shares are valued at $2.15 per share. The Company plans to use the assets to further
develop its digital currency mining operation.


 


The closing of transaction is subject to completion
of satisfactory legal and financial due diligence and takes plac e on a date the Company and the Seller mutually agree on.


 


Item 9.01 Financial Statements and Exhibits.


 


(d) Exhibits.


 

 




Exhibit
No.


 


Description



10.1


 


Asset Purchase Agreement between the Company and the Seller dated July

28, 2021



  



1





 


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.


 




 


CODE CHAIN NEW CONTINENT LIMITED



 


 



Date: August 3, 2021


By:


/s/ Weidong (David) Feng



 


Name: 


Weidong (David) Feng



 


Title:


Co-CEO



 


 


2


 



 



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