UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): ~~September~~ 23September 28, 2022

East Stone Acquisition Corporation

(Exact name of registrant as specified in its charter)

British Virgin Islands		001-39233		N/A
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

2 Burlington Woods Drive, Suite 100

Burlington, MA 01803

(Address of principal executive offices, including zip code)

Registrant’s telephone number, including area code: (781) 202 9128

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☒	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Units, each consisting of one Ordinary Share, one Right and one Warrant	ESSCU	The Nasdaq Stock Market LLC
Ordinary Shares, no par value	ESSC	The Nasdaq Stock Market LLC
Rights, exchangeable into one-tenth of one Ordinary Share	ESSCR	The Nasdaq Stock Market LLC
Warrants, each exercisable for one-half of one Ordinary Share, each whole Ordinary Share exercisable for $11.50 per share	ESSCW	The Nasdaq Stock Market LLC

Item 1.01 Entry Into A Material Definitive Agreement

~~As previously~~Amendment ~~disclosed,~~to ~~on April 15, 2022, East Stone Acquisition Corporation, a British Virgin Island business company (“East Stone”), entered into a~~ Business Combination Agreement ~~(the “Business Combination Agreement”) providing~~ for the business combination (the “Business Combination”) of East Stone and ICONIQ Holding Limited, a Cayman Islands company engaged in the business of developing smart electric vehicles (the “Company”), under a new holding company named NWTN Inc., a Cayman Islands company (“Pubco”).

As previously disclosed, onin ~~April~~the Current ~~21,~~Report ~~2022,~~8-K of East Stone ~~and~~Acquisition ~~the~~Corporation, ~~Pubco~~a ~~have~~British ~~entered~~Virgin ~~into~~Islands abusiness ~~subscription~~company ~~agreement~~(“East Stone”), filed with the U.S. Securities and Exchange Commission (the “SEC”) on April ~~PIPE Subscription~~21, ~~Agreement”)~~2022, ~~with~~East anStone ~~investor~~entered into a Business Combination Agreement (the “~~April~~Business ~~PIPE~~Combination ~~Investor~~Agreement”), ~~pursuant~~with toNavy ~~which,~~Sail ~~among~~International ~~other things~~Limited, ~~the~~a ~~Pubco~~British ~~has~~Virgin ~~agreed~~Islands tocompany, ~~issue~~in ~~and~~the ~~sell~~capacity toas the ~~April~~representative ~~PIPE~~of ~~Investor,~~East Stone and the ~~April~~shareholders ~~PIPE~~of ~~Investor~~East ~~agreed~~Stone immediately prior to ~~subscribe~~Closing ~~for~~from and ~~purchase~~after the Closing (the “Purchaser Representative”), NWTN Inc., an exempted company incorporated ~~certain~~with ~~ordinary~~limited ~~shares~~liability ofin the Cayman Islands (the “Pubco”), ~~for~~Muse aMerger ~~purchaser~~Sub ~~price~~I atLimited, ~~the~~an ~~lower~~exempted ofcompany ~~(i)~~incorporated with ~~$10.26~~limited orliability ~~(ii)~~in the ~~amount~~Cayman ~~equal~~Islands toand a wholly-owned subsidiary of the ~~price~~Pubco at(the ~~which~~“First Merger Sub”), ~~each~~Muse ~~ordinary~~Merger ~~share~~Sub ofII ~~East~~Limited, ~~Stone~~a isBritish ~~redeemed~~Virgin orIslands ~~converted~~business ~~pursuant~~company toand ~~the~~a ~~redemption~~wholly-owned subsidiary of Pubco (the “~~Per~~Second Merger ~~Share Price~~Sub”), and at ICONIQ Holding Limited, an ~~aggregate~~exempted ~~purchase~~company ~~price~~incorporated ofwith ~~$200,000,000,~~limited liability in athe ~~private~~Cayman ~~placement~~ Islands (the “~~April PIPE~~Company”). Unless otherwise defined herein, capitalized terms used herein are defined in the Business Combination Agreement.

~~As previously~~Effective ~~disclosed,~~September ~~on June 15~~28, 2022, the ~~East~~parties ~~Stone~~thereto ~~and Pubco~~ entered into athat ~~subscription~~certain ~~agreement~~Amendment (to the ~~“June~~Business ~~PIPE~~Combination ~~Subscription~~ Agreement”) ~~with a second investor~~ (the “~~June~~Business ~~PIPE~~Combination ~~Investor~~Agreement Amendment”), onpursuant ~~substantially~~to ~~the~~which, ~~same~~Clause ~~terms~~(B) asof the ~~April PIPE,~~second ~~pursuant~~sentence toof ~~which,~~Section ~~among~~7.11 ~~other~~(a) ~~things,~~of the ~~Pubco~~Business ~~has~~Combination ~~agreed~~Agreement was toamended ~~issue and sell~~ to increase the ~~June~~total ~~PIPE~~pool ~~Investor,~~of ~~and~~awards ~~the~~initially ~~June~~issuable ~~PIPE~~under ~~Investor has~~Pubco’s ~~agreed~~Equity toIncentive ~~subscribe~~Plan ~~for~~from ~~and~~ten ~~purchase,~~percent ~~certain~~(10%) ~~ordinary shares~~ of the ~~Pubco~~aggregate atnumber ~~the~~of ~~Per~~Pubco ~~Share~~Ordinary ~~Price~~Shares ~~for~~issued anand ~~aggregate~~outstanding ~~purchase~~immediately ~~price of~~after ~~$200,000,000,~~the inClosing ato ~~private~~fifteen ~~placement~~percent (~~the “June PIPE”~~15%).

~~As previously~~The ~~disclosed,~~foregoing ondescription ~~August~~is ~~12, 2022, East Stone and Pubco entered into~~ only a ~~subscription~~summary ~~agreement~~of (the ~~“August~~Business ~~PIPE~~Combination ~~Subscription~~ Agreement”) ~~with~~Amendment aand ~~third~~is ~~investor~~qualified ~~(the~~in ~~“August~~its ~~PIPE~~entirety ~~Investor”),~~by onreference ~~substantially~~to the ~~same~~full ~~terms~~text asof the ~~April~~Business ~~PIPE~~Combination ~~and~~Agreement ~~June PIPE~~Amendment, ~~pursuant~~which tois ~~which,~~filed ~~among~~as ~~other~~Exhibit ~~things,~~10.1 ~~the~~hereto ~~Pubco~~and ~~has~~incorporated ~~agreed~~by toreference ~~issue~~herein. ~~and~~The ~~sell~~Business toCombination Agreement ~~the~~Amendment ~~August~~is ~~PIPE~~included ~~Investor,~~as ~~and~~an ~~the August~~exhibit ~~PIPE~~to ~~Investor~~this ~~has~~Current ~~agreed~~Report on Form 8-K in order to ~~subscribe~~provide ~~for~~investors and ~~purchase,~~security ~~certain~~holders ~~ordinary~~with material ~~shares~~information ofregarding ~~the~~its ~~Pubco~~terms atand the ~~Per~~transaction. ~~Share~~It ~~Price~~is ~~for~~not anintended ~~aggregate purchase~~to ~~price~~provide ofany ~~$200,000,000,~~other infactual ainformation ~~private~~about ~~placement (~~the ~~“August PIPE”)~~parties thereto.

On September 23, 2022, East Stone and Pubco entered into a subscription agreement (the “September PIPE Subscription Agreement”) with a fourth investor (the “September PIPE Investor”), on substantially the same terms as the April PIPE, June PIPE and August PIPE pursuant to which, among other things, the Pubco has agreed to issue and sell to the September PIPE Investor, and the September PIPE Investor has agreed to subscribe for and purchase, certain ordinary shares of the Pubco at the Per Share Price for an aggregate purchase price of $200,000,000, in a private placement (the “September PIPE”).1

~~The purpose~~ADDITIONAL of the September PIPE is to raise additional capital for use by the combined company following the closing of the Business Combination (the “Closing”). The September PIPE Subscription Agreement contains customary representations and warranties of each of East Stone, Pubco and the September PIPE Investor, and customary conditions to closing, including the consummation of the business combination between East Stone and the Company. Under the terms of the September PIPE Subscription Agreement, Pubco is obligated to file a registration statement to register for resale the September PIPE shares within 90 days of Closing (and to use its reasonable efforts to cause such registration statement to become effective within 150 days of the Closing, subject to certain exceptions).INFORMATION

~~The~~Pubco ~~securities~~has ~~sold~~submitted with the SEC a Registration Statement (as may be amended), which will include a preliminary proxy statement of East Stone and a prospectus in connection with the ~~September~~proposed ~~PIPE~~transactions ~~were~~(the ~~sold~~“Transactions”) ~~under~~involving East Stone, the ~~exemption~~Purchaser ~~from~~Representative, the ~~registration~~Pubco, ~~provided~~Muse Merger Sub I Limited, Muse Merger Sub II Limited and the Company pursuant to the Business Combination Agreement. The definitive proxy statement and other relevant documents will be mailed to shareholders of East Stone as of a record date to be established for voting on East Stone’s proposed Transactions with the Company. SHAREHOLDERS OF EAST STONE AND OTHER INTERESTED PARTIES ARE URGED TO READ, WHEN AVAILABLE, THE PRELIMINARY PROXY STATEMENT, AND AMENDMENTS THERETO, AND THE DEFINITIVE PROXY STATEMENT IN CONNECTION WITH EAST STONE’S SOLICITATION OF PROXIES FOR THE SPECIAL MEETING OF ITS SHAREHOLDERS TO BE HELD TO APPROVE THE TRANSACTIONS BECAUSE THESE DOCUMENTS WILL CONTAIN IMPORTANT INFORMATION ABOUT EAST STONE, THE COMPANY, PUBCO AND THE TRANSACTIONS. Shareholders will also be able to obtain copies of the Registration Statement and the proxy statement/prospectus, without charge, once available, on the SEC’s website at www.sec.gov or by ~~Section~~directing 4(a) request to East Stone by contacting its Chief Financial Officer, Chunyi (2Charlie) ofHao, c/o East Stone Acquisition Corporation, ~~the~~2 ~~Securities~~Burlington ~~Act~~Woods Drive, Suite 100, Burlington, MA 01803, at (781) 202-9128 or at hao@estonecapital.com.

A form of the PIPE Subscription Agreement is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference. The disclosures set forth in this Item 1.01 are intended to be summaries only and are qualified in their entirety by reference to the form of the PIPE Subscription Agreement.DISCLAIMER

1This report and the exhibits hereto shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which the offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act.

~~Item~~NO ~~1.02 Termination of a Material Definitive Agreement~~ASSURANCES

OnThere can ~~September~~be 25no assurance that the proposed Transactions will be completed, ~~2022~~nor can there be any assurance, ~~East~~if ~~Stone~~the Transactions are completed, ~~Pubco~~that ~~and~~the potential benefits of combining the ~~April~~companies ~~PIPE~~will ~~Investor~~be ~~agreed~~realized. toThe ~~terminate~~description of the ~~April~~Transactions ~~PIPE~~contained ~~Subscription~~herein ~~Agreement~~is ~~due~~only a tosummary ~~timing~~and ~~considerations~~is ~~for~~qualified ~~regulatory approvals~~in ~~needed~~its entirety by reference to the ~~April~~definitive ~~PIPE~~agreements ~~Investor~~relating to ~~satisfy~~the ~~its~~Transactions, ~~closing~~copies ~~obligations~~of which have been filed by East Stone with the SEC as exhibits to this report.

OnPARTICIPANTS ~~September~~IN ~~25,~~THE 2022, East Stone, Pubco and the August PIPE Investor mutually terminated the August PIPE Subscription Agreement due to the August PIPE Investor considering alternative forms of investment into Pubco. Pubco and the August PIPE Investor are continuing to discuss potential alternative forms of partnership.SOLICITATION

~~The~~Pubco, ~~Termination~~East ~~Agreement~~Stone toand ~~the~~their ~~April~~respective ~~2022~~directors ~~PIPE~~and ~~Subscription~~executive ~~Agreement~~officers ~~and~~may ~~the~~be ~~Termination~~deemed ~~Agreement~~ to be participants in the ~~August~~solicitation ~~2022~~of ~~PIPE~~proxies ~~Subscription~~from ~~Agreement~~the ~~are~~shareholders ~~filed~~of asEast ~~Exhibit~~Stone 10in connection with the Transactions.2 Information regarding the officers and ~~10.3,~~directors ~~respectively,~~of toEast ~~this~~Stone ~~Current~~is set ~~Report~~forth in East Stone’s annual report on Form 810-K, ~~and~~which ~~are~~was ~~incorporated~~filed ~~herein~~with bythe ~~reference~~SEC on April 15, 2022. ~~The~~ ~~disclosures~~Additional ~~set~~information ~~forth~~regarding the ininterests ~~this~~of ~~Item~~such ~~1.02~~potential ~~are~~participants ~~intended~~will toalso be ~~summaries~~included ~~only~~in the Registration Statement (and ~~are~~will ~~qualified~~be included in ~~their~~the ~~entirety~~definitive proxy bystatement/prospectus ~~reference~~for to the ~~Exhibit~~ ~~10.2~~Transactions) and 10other relevant documents filed with the SEC.3.

~~Item 3.02 Unregistered Sale of Equity Securities~~2

~~The disclosure~~CAUTIONARY ~~set~~NOTE ~~forth above in Item 1.01 of this Current Report on Form 8~~REGARDING FORWARD-KLOOKING ~~is incorporated by reference herein.~~STATEMENTS

~~ADDITIONAL~~The ~~INFORMATION~~information in this report includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “may,” “will,” “expect,” “continue,” “should,” “would,” “anticipate,” “believe,” “seek,” “target,” “predict,” “potential,” “seem,” “future,” “outlook” or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements include, but are not limited to, (1) statements regarding estimates and forecasts of financial and performance metrics and projections of market opportunity and market share; (2) references with respect to the anticipated benefits of the proposed Transactions and the projected future financial performance of East Stone and the Company’s operating companies following the proposed Transactions; (3) changes in the market for the Company’s products and services and expansion plans and opportunities; (4) the Company’s unit economics; (5) the sources and uses of cash of the proposed Transactions; (6) the anticipated capitalization and enterprise value of the combined company following the consummation of the proposed Transactions; (7) the projected technological developments of the Company and its competitors; (8) anticipated short- and long-term customer benefits; (9) current and future potential commercial and customer relationships; (10) the ability to manufacture efficiently at scale; (11) anticipated investments in research and development and the effect of these investments and timing related to commercial product launches; and (12) expectations related to the terms and timing of the proposed Transactions. These statements are based on various assumptions, whether or not identified in this report, and on the current expectations of the Company’s and East Stone’s management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of the Company and East Stone. These forward-looking statements are subject to a number of risks and uncertainties, including the occurrence of any event, change or other circumstances that could give rise to the termination of the Business Combination Agreement; the risk that the Transactions disrupt current plans and operations as a result of the announcement and consummation of the Transactions described herein; the inability to recognize the anticipated benefits of the Transactions; the lack of a third-party fairness opinion in determining whether or not to pursue the proposed Transactions; the ability to obtain or maintain the listing of the Pubco’s securities on The Nasdaq Stock Market, following the Transactions, including having the requisite number of shareholders; costs related to the Transactions; changes in domestic and foreign business, market, financial, political and legal conditions; risks relating to the uncertainty of the projected financial information with respect to the Company; the Company’s ability to successfully and timely develop, manufacture, sell and expand its technology and products, including implement its growth strategy; the Company’s ability to adequately manage any supply chain risks, including the purchase of a sufficient supply of critical components incorporated into its product offerings; risks relating to the Company’s operations and business, including information technology and cybersecurity risks, failure to adequately forecast supply and demand, loss of key customers and deterioration in relationships between the Company and its employees; the Company’s ability to successfully collaborate with business partners; demand for the Company’s current and future offerings; risks that orders that have been placed for the Company’s products are cancelled or modified; risks related to increased competition; risks relating to potential disruption in the transportation and shipping infrastructure, including trade policies and export controls; risks that the Company is unable to secure or protect its intellectual property; risks of product liability or regulatory lawsuits relating to the Company’s products and services; risks that the post-combination company experiences difficulties managing its growth and expanding operations; the uncertain effects of the COVID-19 pandemic and certain geopolitical developments; the inability of the parties to successfully or timely consummate the proposed Transactions, including the risk that any required shareholder or regulatory approvals are not obtained, are delayed or are subject to unanticipated conditions that could adversely affect the combined company or the expected benefits of the proposed Transactions; the outcome of any legal proceedings that may be instituted against the Company, East Stone or Pubco or other following announcement of the proposed Transactions and transactions contemplated thereby; the ability of the Company to execute its business model, including market acceptance of its planned products and services and achieving sufficient production volumes at acceptable quality levels and prices; technological improvements by the Company’s peers and competitors; and those risk factors discussed in documents of Pubco and East Stone filed, or to be filed, with the SEC. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that neither East Stone nor the Company presently know or that East Stone and the Company currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect East Stone’s and the Company’s expectations, plans or forecasts of future events and views as of the date of this report. East Stone and the Company anticipate that subsequent events and developments will cause East Stone’s and the Company’s assessments to change. However, while East Stone and the Company may elect to update these forward-looking statements at some point in the future, East Stone and the Company specifically disclaim any obligation to do so. Readers are referred to the most recent reports filed with the SEC by East Stone. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made, and we undertake no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.

Pubco has submitted with the SEC a Registration Statement (as may be amended), which will include a preliminary proxy statement of East Stone and a prospectus in connection with the proposed transactions (the “Transactions”) involving East Stone, the Purchaser Representative, the Pubco, Muse Merger Sub I Limited, Muse Merger Sub II Limited and the Company pursuant to the Business Combination Agreement. The definitive proxy statement and other relevant documents will be mailed to shareholders of East Stone as of a record date to be established for voting on East Stone’s proposed Transactions with the Company. SHAREHOLDERS OF EAST STONE AND OTHER INTERESTED PARTIES ARE URGED TO READ, WHEN AVAILABLE, THE PRELIMINARY PROXY STATEMENT, AND AMENDMENTS THERETO, AND THE DEFINITIVE PROXY STATEMENT IN CONNECTION WITH EAST STONE’S SOLICITATION OF PROXIES FOR THE SPECIAL MEETING OF ITS SHAREHOLDERS TO BE HELD TO APPROVE THE TRANSACTIONS BECAUSE THESE DOCUMENTS WILL CONTAIN IMPORTANT INFORMATION ABOUT EAST STONE, THE COMPANY, PUBCO AND THE TRANSACTIONS. Shareholders will also be able to obtain copies of the Registration Statement and the proxy statement/prospectus, without charge, once available, on the SEC’s website at www.sec.gov or by directing a request to East Stone by contacting its Chief Financial Officer, Chunyi (Charlie) Hao, c/o East Stone Acquisition Corporation, 2 Burlington Woods Drive, Suite 100, Burlington, MA 01803, at (781) 202-9128 or at hao@estonecapital.com.3

~~DISCLAIMER~~Item 9.01 Financial Statements and Exhibits.

This report and the exhibits hereto shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which the offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of (a) ~~prospectus meeting the requirements of Section 10 of the Securities Act.~~Exhibits

NO ASSURANCES

Exhibit No.		Description
10.1		Business Combination Agreement Amendment, dated September 28, 2022 between and among East Stone Acquisition Corporation, Navy Sail International Limited, NWTN Inc., Muse Merger Sub I Limited, Muse Merger Sub II Limited and ICONIQ Holding Limited.

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There can be no assurance that the proposed Transactions will be completed, nor can there be any assurance, if the Transactions are completed, that the potential benefits of combining the companies will be realized. The description of the Transactions contained herein is only a summary and is qualified in its entirety by reference to the definitive agreements relating to the Transactions, copies of which have been filed by East Stone with the SEC as exhibits to this report.4

~~PARTICIPANTS IN THE SOLICITATION~~SIGNATURE

~~Pubco, East~~Pursuant ~~Stone and their respective directors and executive officers may be deemed~~ to ~~be participants in~~ the ~~solicitation~~requirements of ~~proxies from~~ the ~~shareholders~~Securities ofExchange ~~East~~Act ~~Stone in connection with the Transactions. Information regarding the officers and directors~~ of ~~East Stone is set forth in East Stone’s annual report on Form 10-K~~1934, ~~which was filed with~~ the ~~SEC~~registrant onhas ~~April~~duly ~~15,~~caused ~~2022.~~this ~~Additional~~report ~~information~~to ~~regarding the interests of such potential participants will also~~ be ~~included~~signed inon ~~the~~its ~~Registration~~behalf ~~Statement~~by ~~(and will be included in~~ the ~~definitive~~undersigned hereunto ~~proxy~~duly ~~statement/prospectus for the Transactions) and other relevant documents filed with the SEC~~authorized.

	East Stone Acquisition Corporation

Date: October 4, 2022	By:	/s/ Xiaoma (Sherman) Lu
		Name:	Xiaoma (Sherman) Lu
		Title:	Chief Executive Officer

~~CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS~~5

The information in this report includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “may,” “will,” “expect,” “continue,” “should,” “would,” “anticipate,” “believe,” “seek,” “target,” “predict,” “potential,” “seem,” “future,” “outlook” or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements include, but are not limited to, (1) statements regarding estimates and forecasts of financial and performance metrics and projections of market opportunity and market share; (2) references with respect to the anticipated benefits of the proposed Transactions and the projected future financial performance of East Stone and the Company’s operating companies following the proposed Transactions; (3) changes in the market for the Company’s products and services and expansion plans and opportunities; (4) the Company’s unit economics; (5) the sources and uses of cash of the proposed Transactions; (6) the anticipated capitalization and enterprise value of the combined company following the consummation of the proposed Transactions; (7) the projected technological developments of the Company and its competitors; (8) anticipated short- and long-term customer benefits; (9) current and future potential commercial and customer relationships; (10) the ability to manufacture efficiently at scale; (11) anticipated investments in research and development and the effect of these investments and timing related to commercial product launches; and (12) expectations related to the terms and timing of the proposed Transactions. These statements are based on various assumptions, whether or not identified in this report, and on the current expectations of the Company’s and East Stone’s management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of the Company and East Stone. These forward-looking statements are subject to a number of risks and uncertainties, including the occurrence of any event, change or other circumstances that could give rise to the termination of the Business Combination Agreement; the risk that the Transactions disrupt current plans and operations as a result of the announcement and consummation of the Transactions described herein; the inability to recognize the anticipated benefits of the Transactions; the lack of a third-party fairness opinion in determining whether or not to pursue the proposed Transactions; the ability to obtain or maintain the listing of the Pubco’s securities on The Nasdaq Stock Market, following the Transactions, including having the requisite number of shareholders; costs related to the Transactions; changes in domestic and foreign business, market, financial, political and legal conditions; risks relating to the uncertainty of the projected financial information with respect to the Company; the Company’s ability to successfully and timely develop, manufacture, sell and expand its technology and products, including implement its growth strategy; the Company’s ability to adequately manage any supply chain risks, including the purchase of a sufficient supply of critical components incorporated into its product offerings; risks relating to the Company’s operations and business, including information technology and cybersecurity risks, failure to adequately forecast supply and demand, loss of key customers and deterioration in relationships between the Company and its employees; the Company’s ability to successfully collaborate with business partners; demand for the Company’s current and future offerings; risks that orders that have been placed for the Company’s products are cancelled or modified; risks related to increased competition; risks relating to potential disruption in the transportation and shipping infrastructure, including trade policies and export controls; risks that the Company is unable to secure or protect its intellectual property; risks of product liability or regulatory lawsuits relating to the Company’s products and services; risks that the post-combination company experiences difficulties managing its growth and expanding operations; the uncertain effects of the COVID-19 pandemic and certain geopolitical developments; the inability of the parties to successfully or timely consummate the proposed Transactions, including the risk that any required shareholder or regulatory approvals are not obtained, are delayed or are subject to unanticipated conditions that could adversely affect the combined company or the expected benefits of the proposed Transactions; the outcome of any legal proceedings that may be instituted against the Company, East Stone or Pubco or other following announcement of the proposed Transactions and transactions contemplated thereby; the ability of the Company to execute its business model, including market acceptance of its planned products and services and achieving sufficient production volumes at acceptable quality levels and prices; technological improvements by the Company’s peers and competitors; and those risk factors discussed in documents of Pubco and East Stone filed, or to be filed, with the SEC. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that neither East Stone nor the Company presently know or that East Stone and the Company currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect East Stone’s and the Company’s expectations, plans or forecasts of future events and views as of the date of this report. East Stone and the Company anticipate that subsequent events and developments will cause East Stone’s and the Company’s assessments to change. However, while East Stone and the Company may elect to update these forward-looking statements at some point in the future, East Stone and the Company specifically disclaim any obligation to do so. Readers are referred to the most recent reports filed with the SEC by East Stone. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made, and we undertake no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.

Item 9.01 Financial Statements and Exhibits.

(a) Exhibits

Exhibit No.		Description
10.1*		PIPE Subscription Agreement dated September 23, 2022 between East Stone, Pubco and Al Ataa Investment LLC
10.2		Termination Agreement to April 2022 PIPE Subscription Agreement, dated September 25, 2022, by and among East Stone, Pubco and April PIPE Investor
10.3		Termination Agreement to August 2022 PIPE Subscription Agreement, dated September 25, 2022, by and among East Stone, Pubco and August PIPE Investor
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* The exhibits and schedules to this Exhibit have been omitted in accordance with Regulation S-K Item 601(b)(2). The Registrant agrees to furnish supplementally a copy of all omitted exhibits and schedules to the SEC upon its request.

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 hereunto duly authorized.

	East Stone Acquisition Corporation
Date: September 29, 2022	By:	/s/ Xiaoma (Sherman) Lu
		Name:	Xiaoma (Sherman) Lu
		Title:	Chief Executive Officer

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