Filing Details

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

SCHEDULE 13D

(Amendment No. 1)

 

Under the Securities Exchange Act of 1934

 

IWeb, Inc.

(Name of Issuer)

 

Common Stock, par value $0.0001

(Title of Class of Securities)

 

46603Y208

(CUSIP Number)

 

Wai Hok Fung

c/o IWeb, Inc.

121/34, RS Tower, 8th Floor

Ratchadaphisek Road, Din Daeng Sub-district, din Daeng District,

Bangkok, Thailand

+825-23680129

(Name, Address and Telephone Number of Persons Authorized to

Receive Notices and Communications)

 

May 14, 2017

(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 §240.13d-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).

 

 

CUSIP No. 46603Y208

1		Names of Reporting Persons. Wai Hok Fung
2		Check the Appropriate Box if a Member of a Group (See Instructions) (a)   ¨ (b)   ¨
3		SEC Use Only
4		Source of Funds (See Instructions) OO
5		Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e)  o
6		Citizenship or Place of Organization Hong Kong SAR, China

Number of Shares Beneficially Owned by Each Reporting Person With	7		Sole Voting Power 10,500,000
	8		Shared Voting Power 0
	9		Sole Dispositive Power 10,500,000
	10		Shared Dispositive Power 0

11		Aggregate Amount Beneficially Owned by Each Reporting Person 10,500,000
12		Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)  ¨
13		Percent of Class Represented by Amount in Row (11) 14%(1)
14		Type of Reporting Person IN

 

1. Based on 75,000,000 shares of common stock, par value $0.0001, outstanding as of May 15, 2017, as set forth by the Issuer in its Current Report on Form 8-K with the Securities and Exchange Commission on May 15, 2017.

 

 

Item 1.  Security and Issuer

 

This Amendment No. 1 to Schedule 13D (“Amendment No. 1”) amends and supplements the statement on Schedule 13D filed on February 1, 2017 (the “Initial Statement”), with respect to the common stock, par value $0.0001 per share (the “Common Stock”), of IWeb, Inc., a Nevada corporation (the “Issuer”). The address of the principal executive offices of the Issuer is: 121/34, RS Tower, 8th Floor, Ratchadaphisek Road, Din Daeng Sub-district, din Daeng District, Bangkok, Thailand.

 

 

Item 4.  Purpose of Transaction

 

Item 4 of the Initial Statement is hereby amended and supplemented as follows:

 

The information contained in Item 6 of this Amendment No. 1 is incorporated herein by reference.

 

Item 5.  Interest in Securities of the Issuer

 

Item 5 of the Initial Statement is hereby amended and restated in its entirety as follows:

 

The percentage of the class of securities set forth below is based on 75,000,000 shares of common stock, par value $0.0001, outstanding as of May 15, 2017, as set forth by the Issuer in its Current Report on Form 8-K filed with the Securities and Exchange Commission on May 15, 2017.

 

(a)

The aggregate number of the class of securities beneficially owned by the Reporting Person is 10,500,000 and the percentage of the class of securities beneficially owned by the Reporting Person is 14%.

 

(b)

The number of shares as to which the Reporting Person has:

 

(i) Sole power to vote or to direct the vote: 10,500,000 shares

 

(ii) Shared power to vote or to direct the vote: 0 shares

 

(iii) Sole power to dispose or to direct the disposition of: 10,500,000 shares

 

(iv) Shared power to dispose or to direct the disposition of: 0 shares

 

(c)

Other than as described herein, the Reporting Person has not engaged in any transaction involving the Issuer’s common stock.

 

(d)

Not applicable.

 

(e)

Not applicable

 

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

 

Item 6 of the initial Statement is hereby amended and supplemented as follows:

 

In connection with the execution and consummation of that Share Exchange Agreement, dated May 15, 2017 (the “Share Exchange Agreement”), by and among the Issuer and Enigma Technology International Corporation, a British Virgin Islands company, and the Enigma Stockholders named therein, on May 14, 2017, the Reporting Person entered into a Repurchase Agreement with the Issuer (the “Repurchase Agreement”), pursuant to which the Reporting Person agreed to sell to the Issuer 39,495,000 shares of the Issuer’s company stock for a total purchase price of $1.00, effective immediately prior to the consummation of the transactions contemplated by the Share Exchange Agreement.

 

 

The foregoing description of the Repurchase Agreement does not purport to be complete and is qualified by reference to the full text of the Repurchase Agreement filed herewith as Exhibit 99.1.

 

Item 7.  Material to be Filed as Exhibits

 

Exhibit	Description
99.1	Repurchase Agreement between IWeb, Inc. and Wai Hok Fung, dated May 14, 2017.

 

 

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.

 

Date: May 25, 2017

 

	/s/ Wai Hok Fung
	Wai Hok Fung