Sino Green Land Corp.: debt converted to 4,801,056 shares

What happened The filing says the company entered into a Debt-to-Equity Conversion Agreement on Sep 30, 2026 that converted unsecured, non-interest-bearing demand loans of $2,400,528 into 4,801,056 shares of common stock. The filing says the conversion price was $0.50 per share and the loans were cancelled and extinguished in full upon closing.

Key details

• Conversion price: $0.50 per share; common stock par value $0.001 per share.
• Shares issued: 4,801,056 total — 2,795,340 shares to Luo Xiong and Wo Kuk Ching (L&W Creditors) for $1,397,670, 1,751,716 shares to Empower International Trading Sdn. Bhd. for $875,858, and 254,000 shares to Xu Liming for $127,000.
• The filing states the L&W Creditors and the Empower Creditor are controlling persons of the company or entities controlled by controlling persons.
• Each creditor released the company from all claims relating to its loan upon closing.

Why it may matter The filing reports Item 1.01 (entry into a material definitive agreement) covering the Debt-to-Equity Conversion Agreement and Item 3.02 (unregistered sales of equity securities) related to the share issuance. A filing does not show why the insider traded or why the company acted.