MYTG Mu Yan Technology Group Company Ltd (CE)

Item 8.01 Other Events

The Board of Directors of Mu Yan Technology Group Co., Limited (“Company”) concluded that it is in the best interest of the Company to suspend the voluntary filing of reports with the SEC under the reporting requirements of the Securities Exchange Act of 1934 (the “Exchange Act”) by filing a Form 15 with the U. S. Securities and Exchange Commission (“SEC”). The Company anticipates filing the Form 15 with the SEC on or about May 13, 2022.

The Board’s decision to suspend voluntary reporting under the Exchange Act was made based upon the continuing costs and demands on management time arising from compliance with SEC reporting requirements. Management believes that the Company is not required to continue reporting under Section 15(d) of the Exchange Act, and its common stock is not registered under either Section 12(b) or 12(g) of the Exchange Act.

The Company expects that the suspension of its reporting obligations will become effective within 90 days after the Form 15 is filed with the SEC. Upon filing of the Form 15, the Company will suspend filing certain reports under the Exchange Act, including Forms 10-K, 10-Q and 8-K, and future reports will not be available through the SEC EDGAR system.

Following the suspension of voluntary reporting, the Company intends to voluntarily make periodic financial and other information available to its shareholders via its website at https://www.muyangroup.com.

The Company expects but cannot guarantee that its common stock will continue to be quoted on the OTC Pink Market operated by OTC Markets Group, a centralized electronic quotation service for over-the-counter securities, so long as market makers demonstrate an interest in trading in the Company’s common stock. The Company can provide no assurance that any broker-dealer will make a market in Company’s Common Stock, which is a requirement for quotation on the OTC Pink Market.

Forward Looking Statements. Any statements set forth above that are not historical facts are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act (“SLRA”) of 1995, including statements concerning the Company’s strategies, plans, objectives, intentions, and projections. Generally, the words “believe,” “expect,” “intend,” “estimate,” “anticipate,” “project,” “realize,” “will” and similar expressions identify forward-looking statements, which generally are not historical in nature. Such statements are subject to a variety of estimates, risks, and uncertainties, known and unknown, which may cause the Company’s actual results to differ materially from those anticipated in such forward-looking statements. Potential risks and uncertainties include, but are not limited to, such factors as the filing and effective dates of the Form 15 could differ from what is described above; brokers may not make a market to allow for OTC Pink quotations; and other risks discussed in the Company’s filings with the Securities and Exchange Commission (SEC), including the Company’s Annual Report on Form 10-K, which filings are available from the SEC. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. MYTG undertakes no obligation to publicly update or revise any forward-looking statements.