Filing Details

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D
Under the Securities Exchange Act of 1934

NOCERA, INC.
(Name of Issuer)

Common Shares, $0.001 par value
(Title of Class of Securities)

None
(CUSIP Number)

Yin-Chieh Cheng

15F No. 464 Jiayuan Rd Sec. 3 Shulin District

New Taipei City 23854 Taiwan ROC

and

Bi Zhang 

Building #5 Feng Du Ban Pang Shan An Zhi Qu XingYi City,

GuiZhou QianXiNan, China 

____________________________

(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)

 

December 27, 2018
(Date of Event which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d -1(e), 240.13d -1(f) or 240.13d -1(g), check the following box. ☐

NOTE: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent.

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

(a) The 5,000,000 Class “A” Warrants, exercisable until 2023 at $0.50, are subject to performance under Mr. Cheng’s Consulting Agreement and vest at 250,000 per quarter.

(b) As of February 1, 2019, 12,349,200 shares of common stock were issued and outstanding.

 

 

 

(a) As of February 1, 2019, 12,349,200 shares of common stock were issued and outstanding.

 

 

Item 3. Source and Amount of funds or Other Consideration

Effective December 31, 2018, NOCERA, Inc. completed an Agreement and Plan of Merger (the “Agreement”), with (ⅰ) Grand Smooth Inc. Limited, a company organized under the laws of Hong Kong, China (“GSI”), (ii) GSI’s shareholders, Yin-Chieh Cheng and Bi Zhang, who together owned shares constituting 100% of the issued and outstanding ordinary shares of GSI (the “GSI Shares”) and (iii) GSI Acquisition Corp. Under the terms of the Agreement, the GSI Shareholders transferred to NOCERA, Inc. all of the GSI Shares in exchange for the issuance of 10,000,000 shares (the “Shares”) of NOCERA, Inc. common stock (the “Share Exchange”). 

As a result of the Share Exchange, Mr. Cheng received 5,250,000 of the 10,000,000 shares of common stock exchanged. In addition, Mr. Cheng received 5,000,000 Class “A” Warrants exercisable until 2023 at $0.50, which are subject to performance under his Consulting Agreement and vesting at 250,000 per quarter. Mr. Zhang received 4,750,000 of the 10,000,000 shares of common stock exchanged.

Item 4. Purpose of Transaction

The information set forth or incorporated in Item 3 is incorporated herein by reference.

The Reporting Persons have plans which relate to, or could result in the matters referred to in paragraphs (a) through (j), inclusive, of the instructions to Item 4 of Schedule 13D as follows:

	(a)-(b)
		Effective December 31, 2018, NOCERA, Inc. completed an Agreement and Plan of Merger (the “Agreement”), with (ⅰ) Grand Smooth Inc. Limited, a company organized under the laws of Hong Kong, China (“GSI”), (ii) GSI’s shareholders, Yin-Chieh Cheng and Bi Zhang, who together owned shares constituting 100% of the issued and outstanding ordinary shares of GSI (the “GSI Shares”) and (iii) GSI Acquisition Corp. Under the terms of the Agreement, the GSI Shareholders transferred to NOCERA, Inc. all of the GSI Shares in exchange for the issuance of 10,000,000 shares (the “Shares”) of NOCERA, Inc. common stock (the “Share Exchange”).
		As a result of the Share Exchange, Nocera, Inc. is a public company holding a subsidiary, GSI, in Hong Kong engaged in the aquaculture consulting and management business through Variable Interest Entity in PRC under legal and accounting principles.
		Nocera, Inc., through its subsidiary and its’ variable interest entity, a China based aquaculture equipment company that provides expert opinions, technology transfer, and aquaculture project management provides services to new and existing aquaculture projects starting in China and intends to expand into other areas of Asia and Americas.
	(c)	None.
	(d)	None.
	(e)	None.
	(f)	Other than as set forth in (a) and (b) above, no other material changes are planned.
	(g)	None.
	(h)	None.
	(i)	None.
	(j)	None.

The Reporting Persons may, at any time and from time to time, review or reconsider their position and/or change their purpose and/or formulate plans or proposals with respect thereto.

 

Item 5. Interest in Securities of the Issuer

		(b) Number of shares as to which there is sole power to vote or to direct the vote, shared power to vote or to direct the vote, sole power to dispose or to direct the disposition, or shared power to dispose or to direct the disposition:
	(a) Aggregate number and percentage of the class of securities beneficially owned	Sole Power to Vote or to Direct the Vote:	Shared Power to or to Direct the Vote	Sole Power to Dispose or to Direct the Disposition of:	Shared Power to Dispose or to Direct the Disposition of:
	(Common Stock)
Yin-Chieh Cheng	5.250.000 - 42.5%	5,250,000	0	5,250,000	0
Bi Zhang	4,750,000 - 38.5%	4,750,000	0	4,750,000	0
	(Class "A" Warrants) (1)
Yin-Chieh Cheng	5,000,000	5,000,000	0	5,000,000	0
(1) These 5,000,000 Class “A” Warrants, exercisable until 2023 at $0.50, are subject to performance under Mr. Cheng’s Consulting Agreement and vest at 250,000 per quarter.

	(c)	Except as disclosed above, the Reporting Person has not effected any transaction in the shares during the preceding 60 days.
	(d)	No person other than the Reporting Person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, any shares reported on this Schedule 13D.
	(e)	Not applicable.

 

Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer

See Item 4 above which is incorporated by reference herein.

Item 7. Material to Be filed as Exhibits

10.1	Amended Agreement and Plan of Merger
10.2	Share Exchange Agreement

Signature

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated: February 11, 2019

/s/ Yin-Chieh Cheng

Yin-Chieh Cheng

 

/s/Bi Zhang

Bi Zhang