v3.25.2
SUBSEQUENT EVENTS
12 Months Ended
Dec. 31, 2024
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

15. SUBSEQUENT EVENTS

 

On April 28, 2025, the Company through subsidiary YCWB Agricultural Technology Co. Limited transferred CNY 1,490,096 (approximately $ 204,140) worth of equity of SCQC Agricultural Co. Limited to Mr. Zhang Chenjiang at a price of zero.

 

On April 15, 2025, the Board of Directors of the Company approved to change the name of the Company from “YCQH Agricultural Technology Co. Ltd” to “Intelligent Hotel Group Ltd”. On May 6, 2025, the Company filed a Certificate of Amendment with the Secretary of State of the State of Nevada, changing the Company’s name to “Intelligent Hotel Group Ltd”. The Amendment became effective on May 6, 2025.

 

SCQC, the Company’s wholly owned subsidiary, was involved in a legal dispute with Sichuan Aima Ke’er Biotechnology Group Co. (“Sichuan Aima”) regarding a cooperative agreement that was entered by both parties on June 7, 2022. This agreement was intended to support the business expansion of SCQC and outlined mutual obligations for collaboration over a two-year period, set to expire on June 6, 2024. On April 29, 2025, the company received a summons from the People’s Court of Sichuan Pilot Free Trade Zone notifying the company to hold a court hearing on July 9, 2025, case number: (2025) Chuan 0193 Min Chu 6553. As of the date of this report, the case remains unresolved, and no settlement has been reached.