Oyocar Group Inc. 8-K

What Happened

• Oyocar Group Inc. (OTC: OYCG) filed an 8‑K disclosing a change in control effective July 20, 2026 and a Letter of Intent (LOI) dated July 22, 2026 to acquire Shanghai Zhongru Smart Energy Group. On July 20, 2026, Hoo Boon Lee purchased 11,985,000 shares (the “Control Shares”) from two sellers for $565,000 in cash and now holds approximately 78.14% of the company’s outstanding common stock. Following the purchase, the prior Sole Director and officers (Jonathan Rafael Perez Peralta and Julissa de Jesus) resigned and Hoo Boon Lee was appointed Sole Director, President, CEO, Treasurer and Secretary. The LOI contemplates issuing a mix of common and preferred stock to effect the acquisition; a definitive agreement is expected by about August 31, 2026, pending required Chinese administrative steps.

Key Details

• Change in control date: July 20, 2026; purchaser: Hoo Boon Lee (age 43).
• Shares acquired: 11,985,000 common shares (≈78.14% of 15,337,250 shares outstanding).
• Purchase price: $565,000 cash paid at closing.
• LOI date: July 22, 2026 — target: Shanghai Zhongru Smart Energy Group; transaction to include issuance of common and preferred stock; definitive agreement expected by ~August 31, 2026.

Why It Matters

• A new controlling shareholder and management team were installed, which can lead to changes in strategy, operations, and governance. The planned acquisition of Shanghai Zhongru—an energy storage and hydro-energy equipment company—signals a possible strategic shift into new energy/infrastructure operations. The LOI calls for issuing equity (common and preferred), which may dilute current shareholders depending on the final terms. Investors should watch for the definitive acquisition agreement, any required financial disclosures, and updates on potential dilution or financing tied to the transaction.