Corporate Finance

Sharing Economy International Issues Series B Share to Chairman and CEO Ximing Huang

An August 17 SEC filing reports that the company issued Huang one Series B preferred share on August 11; the share has voting power equal to 51% of outstanding common-stock voting power.

By Carter Hayes · August 18, 2026

Agreement provides for chairman service and preferred share

Sharing Economy International Inc. reported in a Form 8-K that it completed a transaction with Ximing Huang on August 11, 2026, under a non-employee director agreement dated August 10. Huang is the company’s chairman of the board and chief executive officer.

Under the agreement, Huang agreed to serve as chairman for a three-year term. The company issued him one share of Series B Preferred Stock as consideration for entering into the agreement.

The filing characterizes the issuance as an unregistered sale in a non-public offering relying on the Securities Act registration exemption cited in the report.

Series B share carries voting rights separate from its conversion feature

The Series B Preferred Stock share is convertible into one common share at the holder’s election. Its voting power, however, is equal to 51% of the voting power of all issued and outstanding common shares, according to the filing.

The company stated that Huang owns the sole issued Series B share. It also said the share gives him voting control for as long as he holds it, including if he were to reduce his economic interest in the company’s common stock.

Holders of Series B Preferred Stock have no dividend rights unless the board declares a dividend from legally available funds. In a dissolution, liquidation or winding up, Series B holders participate in asset distributions on an equal per-share basis with common shareholders.

Filing describes Huang’s existing common-stock position

The company reported that Huang beneficially owned 4,103,939,641 common shares, representing approximately 65.6% of 6,248,548,045 common shares outstanding as of August 2, 2026. The filing states that his common shares and the Series B share together represented approximately 83.1% of the voting power of the company’s voting stock.

The report says this voting position enables Huang to control matters requiring stockholder approval, including director elections and significant corporate transactions. It identifies amendments to organizational documents and approvals of mergers, asset sales and other major transactions among the matters affected.

The company also disclosed that it designated one share of its blank-check preferred stock as Series B Preferred Stock through a Nevada certificate of designation on July 11, 2026.