6-K
Farmmi, Inc. (FAMI)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of April 2025
Commission File Number: 001-38397
| Farmmi, Inc. |
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| (Translation of registrant’s name into English) |
Fl 1, Building No. 1, 888 Tianning Street, Liandu District
Lishui, Zhejiang Province
People’s Republic of China 323000
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
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 |
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| 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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SIGNATURE
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, thereunto duly authorized.
| Farmmi, Inc. | ||
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| Date: April 4 2025 | By: | /s/ Yefang Zhang |
| | | Yefang Zhang |
| | | Chief Executive Officer |
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fami_ex101.htm EXHIBIT 10.1
Share Transfer Agreement
Transferor (hereinafter referred to as "Party A"): Zhejiang Farmmi Ecological Agricultural Technology Co., Ltd.
Legal Representative: Zhang Dehong
Transferee (hereinafter referred to as "Party B"): Lishui Chida Logistics Co., LTD
Legal Representative: ZHOU YAN
Address: Room 110-14, No. 162 Xianglong Road, Nanmingshan Street, Liandu District, Lishui City, Zhejiang Province (Lijing National Industrial Park)
Subject Company 1: Zhejiang Farmmi Agricultural Supply Chain Co., Ltd.(hereinafter referred to as “Subject Company 1”) was established on May 11, 2021, in Ningbo, Zhejiang Province, with a registered capital of RMB 100 million. Party A owns 100% of the equity in Subject Company 1 and agrees to transfer all its equity to Party B, who agrees to acquire it.
Subject Company 2: Zhejiang Farmmi Food Co., Ltd.(hereinafter referred to as “Subject Company 2”) was established on December 26, 2017, in Lishui, Zhejiang Province, with a registered capital of RMB 5 million. Party A owns 100% of the equity in Subject Company 2 and agrees to transfer all its equity to Party B, who agrees to acquire it.
Subject Companies collectively refer to Subject Company 1 and Subject Company 2.
Article 1: Parties’ Legal Qualifications
Party A is a legally established and validly existing independent legal entity, with Unified Social Credit Code: [***].
Party B is a legally established and validly existing independent legal entity, with Unified Social Credit Code: [***].
Article 2: Equity Transfer
Party A agrees to transfer all its equity in the Subject Companies, including all related rights and assets, to Party B, and Party B agrees to accept the transfer. Upon completion of the transfer, Party B will hold 100% of the equity in the Subject Companies.
As of March 31,2025, all debts and liabilities of the Subject Companies have been fully accounted for and acknowledged by both parties.
Article 3: Transfer Price and Payment Terms
Party A agrees to transfer 100% of the equity in the Subject Companies to Party B at a total consideration of RMB 20,000 (in words: Twenty Thousand Yuan). The consideration is allocated as follows: RMB 10,000 (in words: Ten Thousand Yuan) for Subject Company 1 and RMB 10,000 (in words: Ten Thousand Yuan) for Subject Company 2.
Party B shall remit the full transfer consideration in a single payment to Party A’s designated bank account within thirty (30) days of this Agreement becoming effective.
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Article 4: Representations and Warranties of Party A
Party A warrants that it has full and lawful authority to dispose of the equity being transferred.
Party A affirms that it has fulfilled its capital contribution obligations for the Subject Companies in full.
Party A confirms that the transfer of the equity has been duly approved and authorized by the relevant decision-making bodies of both the Subject Companies and Party A.
Article 5: Representations and Warranties of Party B
Party B agrees to comply with and implement the amended articles of association of the Subject Companies.
Party B affirms that the acquisition of equity has been duly approved and authorized by its relevant decision-making bodies.
Party B guarantees that the funds used for the acquisition originate from legitimate and lawful sources owned by Party B.
Article 6: Expenses and Registration Procedures for Equity Transfer
Procedures for industrial and commercial registration changes and any other required approvals or consents related to the equity transfer shall be handled by Party A in consultation with the Subject Companies.
Both parties agree that all costs associated with the equity transfer, as stipulated in this Agreement, shall be borne by Party B.
From the date of transfer, Party B shall not demand any fees from Party A related to the operations of the Subject Companies.
Party B unconditionally accepts all equipment, facilities, and supporting devices of the Subject Companies.
The ownership of the equity is deemed transferred on the date of execution of this Agreement.
Article 7: Rights and Obligations of Shareholders
From the date of execution of this Agreement, Party A shall cease to enjoy any shareholder rights or bear any shareholder obligations associated with the transferred equity.
From the date of execution of this Agreement, Party B shall enjoy all shareholder rights and assume all shareholder obligations related to the Subject Companies. Party A shall, if necessary, assist Party B in exercising shareholder rights and fulfilling shareholder obligations, including signing relevant documents on behalf of Party A.
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Article 8: Amendment and Termination
This Agreement may be amended or terminated under the following circumstances:
Due to force majeure or external factors beyond the control of either party that prevent the performance of this Agreement;
If either party loses the practical ability to fulfill its obligations under this Agreement;
If one party breaches the Agreement in a manner that severely impacts the economic interests of the other party;
If both parties mutually agree to amend or terminate the Agreement;
If other circumstances specified in this Agreement occur.
Article 9: Liability for Breach
If either party fails to perform or seriously breaches any provisions of this Agreement, the breaching party shall compensate the non-breaching party for all resulting economic losses. The non-breaching party may also terminate the Agreement and claim compensation for additional losses caused by the breach.
If Party B fails to remit the transfer consideration within the stipulated time, Party B shall pay a late payment penalty of 0.1% of the overdue amount per day. If the losses incurred by Party A exceed the penalty amount, Party A reserves the right to claim further damages.
Article 10: Confidentiality
Without prior written consent from the other party, neither party may disclose any trade secrets, related information, or the contents of this Agreement to any third party, except as required by law or regulation.
This confidentiality clause shall remain effective regardless of whether this Agreement is executed, amended, terminated, or otherwise.
Article 11: Dispute Resolution
Any disputes arising from or related to this Agreement shall be resolved through friendly negotiation. If negotiation fails, disputes shall be submitted to the following jurisdiction:
- The court in the place where this Agreement is executed.
Article 12: Effectiveness and Miscellaneous Provisions
This Agreement shall become effective upon signing and sealing by both parties.
Any amendments to this Agreement shall require prior written notice of at least one (1) business day and written mutual agreement in the form of a supplementary agreement. Such supplementary agreements shall carry the same legal force as this Agreement.
This Agreement is executed in triplicate, with one copy for each party and the third submitted to the relevant authorities for approval or filing. All copies have equal legal force.
This Agreement is executed on March 31,2025, in Lishui, Zhejiang Province.
[No Text Below]
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[Signature Page for Share Transfer Agreement]
Party A (Seal):
Authorized Representative:
Date: March 31, 2025
Party B (Seal):
Legal Representative:
Date: March 31, 2025
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