HQ Global Education Inc. 3
3 · HQ Global Education Inc. · Filed May 4, 2012
Insider Transaction Report
Form 3
Nicestar International Ltd
10% Owner
Holdings
- 11,348,500(indirect: By Global Polytechnic Education Group Limited)
Common Stock
- 3,000,000
Common Stock
Footnotes (1)
- [F1]Pursuant to a share contribution and purchase agreement dated April 21, 2012 with certain shareholders of the Issuer, Global Polytechnic Education Group Limited acquired 4,976,000 shares of the Issuer on April 23, 2012, and obtained the right to acquire additional 4,335,500 shares of the Issuer subject to satisfaction of certain conditions. Pursuant to share transfer agreements dated April 23, 2012 with certain shareholders of the Issuer, Global Polytechnic Education Group Limited acquired an additional 2,037,000 shares of the Issuer on April 23, 2012. Nicestar International Limited is the sole shareholder of Global Polytechnic Education Group Limited. Nicestar International Limited expressly disclaims beneficial ownership of securities held by Global Polytechnic Education Group Limited except to the extent of its pecuniary interest therein.