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Filing Details

Accession Number:: 0001753571-18-000001
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2018-10-05 12:58:12
Reporting Period:: 2016-04-01

Accepted Time:: 2018-10-05 12:58:12
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1634293	Exceed World Inc.	EXDW	Blank Checks (6770)	473002566

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1753571	Tomoo Yoshida	1-23-38-6F, Esakacho Suita-Shi Osaka M0 00000		Yes	No	Yes	No
1754986	Keiichi Koga	1-23-38-6F, Esakacho Suita-Shi Osaka M0 00000		No	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Shares	Acquisiton	2016-04-01	20,000	$0.00	19,880,000	No	4	P	Indirect	See Footnote 2
Common Shares	Disposition	2016-04-01	100,000	$0.00	19,880,000	No	4	D	Indirect	See Footnote 3
Common Shares	Disposition	2016-08-09	3,300	$0.10	19,876,700	No	4	S	Indirect	See Footnote 4
Common Shares	Disposition	2016-10-28	19,000,000	$0.00	876,700	No	4	J	Indirect	See Footnote 5
Common Shares	Acquisiton	2016-10-28	16,657,300	$0.00	17,534,000	No	4	J	Indirect	See Footnote 6
Common Shares	Acquisiton	2017-07-07	1,000,000	$0.10	18,534,000	No	4	P	Direct
Common Shares	Disposition	2017-07-07	240,000	$0.10	16,294,000	No	4	S	Indirect	See Footnote 8
Common Shares	Acquisiton	2018-09-26	12,700,000	$0.00	28,994,000	No	4	P	Indirect	See Footnote 9

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	See Footnote 2
No	4	D	Indirect	See Footnote 3
No	4	S	Indirect	See Footnote 4
No	4	J	Indirect	See Footnote 5
No	4	J	Indirect	See Footnote 6
No	4	P	Direct
No	4	S	Indirect	See Footnote 8
No	4	P	Indirect	See Footnote 9

Footnotes

Mr. Yoshida and Mr. Koga each directly purchased 20,000 shares of common stock of the Issuer from e-Learning Laboratory Co., Ltd. ("e-Learning").
Mr. Yoshida and Mr. Koga's beneficial ownership of the Issuer is through direct ownership and indirect ownership of shares of common stock of the Issuer. Their indirect ownership is through Mr. Yoshida's and Mr. Koga's 55.7% and 39.6% respective ownership of Force Internationale Ltd. As of the date of the April 1, 2016 transaction, Force Internationale Ltd. is the 100% owner of Force International Holdings Ltd., which is a 100% owner of e-Learning, which in turn owns 74.5% of the Issuer.
Mr. Yoshida's and Mr. Koga's indirect ownership was reduced by 100,000 shares of common stock of the Issuer when e-Learning sold 100,000 of its shares of the Issuer to unrelated parties.
Mr. Yoshida's and Mr. Koga's indirect ownership was reduced when e-Learning sold 3,300 of its shares of the Issuer to unrelated parties.
On October 28, 2016, the Issuer, with the approval of its Board of Directors and majority shareholders authorized the cancellation of 19,000,000 shares of common stock of the Issuer owned by e-Learning. e-Learning consented to the cancellation.
On October 28, 2016, the Issuer authorized a 1:20 forward split of its shares of common stock
Mr. Yoshida and Mr. Koga each purchased 1,000,000 common shares of the Issuer from e-Learning.
e-Learning sold 240,000 shares of its common stock of the Issuer to unrelated parties, reducing Mr. Yoshida's and Mr. Koga's indirect ownership. As of July 7, 2017, each Reporting Person had beneficial ownership of 16,294,000 shares of common stock of the Issuer.
The Issuer acquired Force International Holdings Ltd., the parent company of e-Learning, from Force Internationale Ltd., and issued 12,700,000 common shares to Force Internationale Ltd. as consideration.