UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
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ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
On April 10, 2025 Zenox Enterprises, Inc. (“Zenox”), a corporation incorporated and existing under the laws of British Columbia entered into a Strategic Collaboration Agreement with Summit Networks, Inc. (trading in the OTC Markets under the symbol “SNTW”), a corporation incorporated under the laws of the State of Nevada. SNTW will provide Zenox with technical support and advice to develop a new healing project based on Web3 technology, AI driven immersive healing experiences and market promotion. Both entities will leverage their respective strengths to drive innovation, and SNTW will retain the right to a share of the projects’ profit distribution as part of the commercial arrangement. SNTW’s subsidiary Sumnet (Canada) Inc. will be responsible for providing technical development and support services, but will not participate in Zenox’s business operations, ensuring independent management for both parties.
Certain statements contained in this current report on Form 8-K are forward-looking statements and are based on future expectations, plans and prospects for SNTW’s business and operations and involve a number of risks. SNTW’s forward-looking statements are made as of the date hereof and SNTW disclaims any duty to supplement, update or revise such statements on a going forward basis, whether as a result of subsequent developments, change of expectations or otherwise. In connection with the “Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995”, SNTW is identifying certain forward-looking statements in this report regarding among other things, sales and the acceptance of products in the marketplace. Actual results may differ materially from those contained in the forward-looking statements. Important factors that could cause further events or results to vary from those addressed in those forward-looking statements include that limitations, risks and uncertainties arising from the ability of SNTW to make sales; unanticipated or unfavorable regulatory matters; general economic conditions in Hong Kong or China; and other risk factors discussed in SNTW’s other filings made from time to time with the United States Securities and Exchange Commission.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
10.1 Project Cooperation Framework Agreement
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| Summit Networks Inc. | ||
| Date: April 15, 2025 | By: | /s/Xian Nan Zheng |
| Xian Nan Zheng, | ||
| CFO/Secretary/Director | ||
| (Principal Executive Officer) | ||
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