Farmmi, Inc.
For the period ended Apr 4, 2025. Filed Apr 4, 2025.
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Apr 4, 2025 · Filed Apr 4, 2025
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EXPLANATORY NOTE:
On March 31, 2025, Zhejiang Farmmi Ecological Agricultural Technology Co., Ltd. (“Farmmi Ecological Agricultural”), a wholly owned subsidiary of the Registrant, entered into a share transfer agreement with Lishui Chida Logistics Co., Ltd, an unrelated third party. Pursuant to the agreement, Farmmi Ecological Agricultural would sell 100% of the equity of Zhejiang Farmmi Agricultural Supply Chain Co., Ltd. and Zhejiang Farmmi Food Co., Ltd., its wholly owned subsidiaries, to the buyer for RMB10,000.00 each (approximately $1,372.24) and RMB20,000.00 in aggregate (approximately $2,746.48). The sale of the subsidiaries is intended to reduce the costs associated with maintaining these subsidiaries. Pursuant to the agreement, the buyer is required to pay the total purchase price within 30 days of the execution of the agreement.
The foregoing descriptions of the share transfer agreement does not purport to be complete and are qualified in their entirety by reference to the full text of the agreement, a copy of which is attached hereto as Exhibit 10.1 to this Report on Form 6-K and is incorporated herein by reference.
| Exhibit Number | Description of Exhibit |
| 10.1 | Share Transfer Agreement dated March 31, 2025, by and between Zhejiang Farmmi Ecological Agricultural Technology Co., Ltd. and Lishui Chida Logistics Co., Ltd. |
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