SHARING ECONOMY INTERNATIONAL Inc. Grants CEO Controlling Preferred Share

What Happened
SHARING ECONOMY INTERNATIONAL Inc. (SEII) filed an 8-K reporting that it entered into a Non-Employee Director Agreement with Ximing Huang (Chairman and CEO) dated August 10, 2026, under which Mr. Huang agreed to serve as Chairman for three years. As consideration, the company issued one share of newly designated Series B Preferred Stock that carries voting power equal to 51% of the voting power of all issued and outstanding common stock. The company previously designated the Series B Preferred in its Articles (Certificate of Designation filed July 11, 2026). The one preferred share was sold to Mr. Huang in a non-public offering on August 11, 2026 relying on the Section 4(a)(2) exemption.

Key Details

• Issuance: one share of Series B Preferred Stock issued to CEO/chairman Ximing Huang.
• Voting control: that single Series B share has voting power equal to 51% of all common stock voting power.
• Conversion: each Series B share is convertible into one share of common stock (1:1).
• Rights: Series B holders have no dividend rights except at the board’s discretion; on liquidation they participate equally per share with common stock.

Why It Matters
This transaction gives Mr. Huang effective voting control of the company through a single preferred share, which can materially affect corporate governance and control over board and shareholder decisions. The preferred is convertible into common stock, and it was issued as compensation rather than a public cash offering (sold in a non‑public, unregistered transaction). Retail investors should note the change in control dynamics and review future proxy, governance, and corporate action disclosures for impacts on minority shareholders.