Jiuzi Holdings, Inc 6-K, filed Aug 1, 2022
Jiuzi Holdings, Inc. (JZXN)
About this 6-K
Jiuzi Holdings, Inc filed this 6-K on August 1, 2022.
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 August 2022
Commission file number: 001-40405
JIUZI HOLDINGS INC.
(Registrant’s name)
No.168 Qianjiang Nongchang Gengwen Road, 15th Floor
Economic and Technological Development Zone
Xiaoshan District, Hangzhou City
Zhejiang Province 310000
People’s Republic of China
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
EXHIBIT INDEX
| Exhibit No. | Description | |
| 99.1 | Jiuzi Holdings Inc. Holds Business Conference and Acquires Prospective Franchisees | |
| 99.2 | Jiuzi Holdings Inc. Recruits Five New Franchisees in Guangxi |
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.
| Date: August 1, 2022 | JIUZI HOLDINGS INC. | |
| By: | /s/ Shuibo Zhang | |
| Name: | Shuibo Zhang | |
| Title: | Chief Executive Officer and Director (Principal Executive Officer) | |
Exhibit 99.1
Jiuzi Holdings Inc. Holds Business Conference and Acquires Prospective Franchisees
HANGZHOU, China, July 26, 2022 /PRNewswire/ -- Jiuzi Holdings, Inc. (NASDAQ: JZXN; the "Company"), a leading new energy vehicle (NEV) dealership group under the brand name "Jiuzi" in China, today announced that it successfully held a business conference (the “Conference”) at the Company’s headquarters in Hangzhou to further its continuous effort in expanding its geographical presence via cooperation with other leading EV brands in China.
The Conference was held with the presence of Kunshan Baoneng Auto Sales Co., Ltd. (“Kunshan Baoneng”), the subsidiary of Baoneng Auto Group Ltd. (“Baoneng Auto”), with which the Company executed a Letter of Intent (the “LOI”) executed in June to allow the Company to distribute Baoneng Auto’s “Youbaoli” brand electric cars in Zhejiang Province. This conference served as a follow-up co-marketing campaign by both companies in an effort to attract potential franchisees to join JZXN, and gave Kunshan Baoneng an opportunity to showcase its new EV model as well as its brand. At the end of the Conference, eight prospective franchisees entered into the Letters of Intent in Franchising (the “Franchising LOI”) with the Company, among which six prospective franchisees paid the deposit to the Company immediately after the execution of the Franchising LOI.
“We are excited to see that our new marketing strategy has been proven effective,” said Mr. Shuibo Zhang, CEO of Jiuzi Holdings, Inc. “We are seeking collaboration with premium NEV start-ups, such as Baoneng and Aiways, to explore our retail distribution channel. On the one hand, our competitive advantages in nationwide distribution, state-of-the-art terminal sales management and supply chain management can help NEV start-ups quickly build up the retail terminals cost-effectively through our established franchise model. On the other hand, with the help of the brand prestige of our automaker partners, we can easily attract more and more decent prospective franchisees. I believe this win-win model could foster business synergies for both companies.”
About Jiuzi Holdings, Inc.
Jiuzi Holdings, Inc., headquartered in Hangzhou, China, and established in 2017, franchises and operates retail stores under the brand name “Jiuzi” to sell New Energy Vehicles (“NEVs”) in third-fourth tier cities in China. The Company mainly sells battery-operated electric vehicles, and sources NEVs through more than twenty NEV manufacturers. It has 31 operating franchise stores and one company-owned store. For more information, visit the Company’s website at http://www.zjjzxny.cn/.
Forward-Looking Statements
All statements other than statements of historical fact in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs, including the expectation that the Offering will be successfully completed. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and in its other filings with the SEC.
For more information, please contact:
Stephen Tong
Email: jiuzi@mana-ir.com
Exhibit 99.2
Jiuzi Holdings Inc. Recruits Five New Franchisees in Guangxi
HANGZHOU, China, July 27, 2022 /PRNewswire/ -- Jiuzi Holdings, Inc. (NASDAQ: JZXN; the "Company"), a leading new energy vehicle (NEV) dealership group under the brand name "Jiuzi" in China, today announced that its operating entity, Hangzhou Zhitongche Technology Limited (“Zhitongche”), has added five new franchisees in Guangxi Zhuang Autonomous Region (“Guangxi”), China since the execution of the regional exclusive agency agreement (the “Agreement” with Shanghai Aiways Yiwei Automobiles Sales Co., Ltd. (“Aiways Yiwei”), the subsidiary of Aiways Automobiles Company Ltd. (“Aiways Auto”).
Pursuant to the Agreement, in the first two months of the one-year term, or starting on July 1st, 2022, Zhitongche will establish 12 Aiways experience centers in major cities in Guangxi. Since the signing of the agreement, Zhitongche has made fruitful progress by recruiting five franchisees in Nanning, Liuzhou, Beihai, Guilin, and Yulin, among which three franchisees have paid the franchise fees in full. In the meantime, Zhitongche is also negotiating with 12 potential franchisees who have expressed interest in joining.
“I’m extremely proud of the great achievement that our brilliant Guangxi team has made in such a short period. Our success in gaining new franchisees is due to the synergy effect created by the brand awareness of Jiuzi and Aiways”, said Mr. Shuibo Zhang, CEO of Jiuzi Holdings, Inc., “Our Jiuzi brand is well recognized in Guangxi through our existing 13 franchise stores. By leveraging the additional prestige of Aiways brand, we believe the collaboration with Aiways would accelerate our business expansion in Guangxi. Due to our fast expansion as a result of the collaboration Aiways, we expect to add 13 new franchise stores in Guangxi by the end of this year in addition to the 12 existing ones, adding to a total of 25 new franchise stores in Guangxi in 2022.”
About Jiuzi Holdings, Inc.
Jiuzi Holdings, Inc., headquartered in Hangzhou, China, and established in 2017, franchises and operates retail stores under the brand name "Jiuzi" to sell New Energy Vehicles ("NEVs") in third and fourth-tier cities in China. The Company mainly sells battery-operated electric vehicles and sources NEVs through more than twenty NEV manufacturers. It has 51 operating franchise stores and one company-owned store. For more information, visit the Company's website at http://www.zjjzxny.cn/.
Forward-Looking Statements
All statements other than statements of historical fact in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties. They are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs, including the expectation that the Offering will be completed. Investors can identify these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent events, circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct. The Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and its other filings with the SEC.
For more information, please contact:
Stephen Tong
Email: jiuzi@mana-ir.com