10/09/2025 | Press release | Distributed by Public on 10/09/2025 15:21
Hartford Creative Group, Inc. (the "Company") is filing this Amendment No. 1 to its Quarterly Report on Form 10-Q for the quarter ended January 31, 2025 (the "Original Filing"), originally filed with the Securities and Exchange Commission (the "SEC") on March 17, 2025, solely to amend and restate the disclosures related to related party transactions.
After the filing of the Original Report, the Company determined that certain related party relationships had been reinstated as of November 26, 2024, and December 2, 2024, respectively, which were not identified or disclosed in the Original Report:
● | On November 26, 2024, Ms. Erin SongWang acquired a 39% ownership interest in the Company and became a major shareholder, resulting in Shanghai Qiaohong Assets Ltd. ('SH Qiaohong'), where she holds a 90% beneficial ownership, and its 95%-owned subsidiary, Shanghai Oversea Chinese Culture Media Ltd. ('SH Oversea'), becoming related parties of the Company. |
● | Shanghai Konglu ZeYi Brands Management Ltd. ("KLZY") became a related party of the Company on December 2, 2024, when it was acquired by SH Qiaohong. |
This Amendment No. 1 is being filed to correct such omissions and provide the required disclosures. The following items have been amended in this Amendment No. 1:
● | Part I - Item 1. Unaudited Condensed Consolidated Balance Sheets and Unaudited Condensed Consolidated Statements of Cash Flows | |
● | Part I - Item 1. Note 3 and Note 4 of the Notes to the Unaudited Condensed Consolidated Financial Statements | |
● | Part I - Item 2. "Management's Discussion and Analysis of Financial Condition and Results of Operations - Recent Developments" |
Except as described above, this Amendment does not amend, update, or change any other items or disclosures in the Original Report. This Amendment speaks as of the date of the Original Report, and does not reflect events occurring after the filing of the Original Report, except as noted herein.