Sino Green Land Corp.: enters stock purchase agreement for 80% of Hi-Quality

What happened Sino Green Land Corp filed an 8-K reporting it entered into a stock purchase agreement on Sep 30, 2026 with Cheng You and Hi-Quality Productions Inc under which the Company agreed to acquire shares representing 80% of the issued and outstanding capital stock of Hi-Quality for total consideration of $1,800,000. The filing says the Total Consideration is payable 30% in cash ($540,000) and 70% in Sino Green Land common stock ($1,260,000), issued in three tranches, and that the Seller will retain 20% of Hi-Quality after the transaction.

Key details

• First Tranche (closing): 40% of Total Consideration (aggregate $720,000) consisting of $216,000 cash and 840,000 shares valued at $504,000 (share price fixed at $0.60).
• Second Tranche (6 months after closing): 30% of Total Consideration (aggregate $540,000) consisting of $162,000 cash and 630,000 shares valued at $378,000.
• Third Tranche (12 months after closing): 30% of Total Consideration (aggregate $540,000) consisting of $162,000 cash and 630,000 shares valued at $378,000, subject to an earn-out adjustment based on Hi-Quality’s audited net income for fiscal year 2026 (if net income > $550,000 Total Consideration becomes $1,980,000; if between $450,000 and $550,000 it remains $1,800,000; if below $450,000 Total Consideration equals $1,800,000 × (net income ÷ $500,000)).
• Seller covenants include remaining in full-time service with Hi-Quality for 12 months, a 5-year non-compete in RPET business in the United States after leaving, and non-solicitation of Hi-Quality employees, customers and suppliers; closing is subject to a 45-day due diligence period after the Effective Date (Sep 30, 2026) and other customary conditions.

Why it may matter This report is Item 1.01: entry into a material definitive agreement, and it covers the terms of the stock purchase agreement, the payment tranches, the earn-out adjustment, seller covenants, closing conditions and termination rights. The filing does not state why the insider traded or why the company acted.