Jingbo Technology Stock Price, News & Analysis
Company Description
JINGBO TECHNOLOGY INC, which has also been referred to as SavMobi Technology, Inc. in past disclosures, is a Nevada corporation with shares quoted on the OTC market under the symbol SVMB. According to available information, the company is associated with the industry category Software and Other Prerecorded Compact Disc, Tape, and Record Reproducing within the broader Manufacturing sector. Its activities have included technology-related services connected to mobile applications and commercial mobile technical support.
In information released from Dalian, China, the company described itself as operating in the provision of commercial mobile technical support services in China. This indicates a focus on supporting business clients that rely on mobile technology for their commercial operations. Rather than emphasizing physical products, the company’s disclosures highlight service-based technical support activities tied to mobile platforms and applications.
The company has also indicated interest in the China e-commerce market. It entered into a Memorandum of Understanding with Dalian Yuanmeng Media Co., Ltd., a company registered in the People’s Republic of China. Under this MOU, Yuanmeng agreed to provide its client base in order to collaborate with SVMB to explore opportunities in China’s e-commerce environment, with an income sharing ratio of 50:50 between the two parties. This arrangement, as described, is intended to give SVMB access to additional commercial relationships and potential revenue sources linked to e-commerce activities.
From the company’s own description, the collaboration with Yuanmeng was expected to increase competitiveness in the community of Dalian, China once local COVID-related lockdown conditions eased. This suggests that at least part of the company’s operational focus is tied to the Dalian region, with an emphasis on community-level commercial support and e-commerce-related technical services.
Corporate structure and jurisdiction
Regulatory filings identify Jingbo Technology, Inc. as a corporation organized under the laws of Nevada. As a U.S.-incorporated entity with operations described in China, its public disclosures are filed with the U.S. Securities and Exchange Commission (SEC). These filings provide formal information on governance, management changes, and material agreements.
In an 8-K report, the company listed its jurisdiction of incorporation as Nevada and supplied a Commission File Number, confirming its status as an SEC-reporting issuer. The filing also documented changes in senior management, illustrating the company’s ongoing corporate governance processes and its obligation to report material events to investors and regulators.
Management and governance developments
In a reported material event, the company disclosed a change in its executive leadership. The then Chief Executive Officer and Chief Financial Officer, who also served as a member and chairman of the board of directors, tendered a resignation from the CEO and CFO roles. The company stated that this resignation was not due to any disagreement with the Company, the Board or the management on matters relating to operations, policies, or practices. According to the filing, the individual remained as a director and as chairman of the board.
On the same date, the board appointed a new Chief Executive Officer and a new Chief Financial Officer. The filing described the new CEO as having more than 15 years of managing experience, including roles in companies involved with tourism technology, e-commerce platform operations, marketing strategies, and brand-building initiatives. The new CFO was described as having experience in financial strategy development, budget management, capital allocation, tax planning, and oversight of corporate matters at a financial services company. These biographical details, as provided in the filing, indicate that the company’s leadership has backgrounds in technology-related businesses, e-commerce, tourism technology, and financial services.
The same 8-K stated that the company would enter into employment agreements with the newly appointed CEO and CFO. These agreements, referenced as exhibits to the filing, outline compensation in the form of annual cash fees paid in monthly installments for their respective services. The company emphasized that the summary in the filing was qualified in its entirety by the full employment agreements filed as exhibits.
Business activities and market focus
Based on the company’s own description, Jingbo Technology, Inc. is engaged in commercial mobile technical support services in China. This suggests a focus on helping commercial clients manage or support their mobile technology needs. The MOU with Dalian Yuanmeng Media Co., Ltd. further indicates that the company aims to apply its capabilities in the context of the China e-commerce market, using Yuanmeng’s client base as a channel for collaboration.
The company has indicated that this collaboration is expected to enhance its competitiveness in the Dalian community. While specific service offerings are not detailed beyond “commercial mobile technical support services,” the emphasis on e-commerce and mobile technology points to an orientation toward digital business environments and app-related support.
Regulatory reporting and transparency
As an SEC-reporting company, Jingbo Technology, Inc. uses filings such as Form 8-K to inform the market about material events, including changes in key officers and the execution of significant employment agreements. These filings provide insight into the company’s governance, management experience, and contractual commitments to senior executives.
Investors and analysts interested in SVMB can review these filings to understand how the company manages leadership transitions, what experience its executives bring from prior roles in technology, e-commerce, tourism technology, and financial services, and how compensation arrangements are structured. Together with company statements about its business activities in China, these disclosures form the primary publicly available basis for understanding Jingbo Technology, Inc.’s operations and strategic direction.
FAQs about JINGBO TECHNOLOGY INC (SVMB)
- What does Jingbo Technology, Inc. (SVMB) say it does?
The company has described itself as operating in the provision of commercial mobile technical support services in China, with a focus on supporting commercial activities that rely on mobile technology. - How is Jingbo Technology, Inc. classified by industry and sector?
Available data associates the company with the industry "Software and Other Prerecorded Compact Disc, Tape, and Record Reproducing" within the Manufacturing sector. - What is the significance of the MOU with Dalian Yuanmeng Media Co., Ltd.?
Under the Memorandum of Understanding, Yuanmeng agreed to provide its client base so the two parties could collaborate to explore the China e-commerce market, with income shared on a 50:50 basis. - Where does the company indicate it operates?
Company statements refer to operations in China, specifically mentioning the provision of commercial mobile technical support services and an expectation of increased competitiveness in the community of Dalian, China. - What corporate changes were reported in the 8-K filing?
The company reported that its then Chief Executive Officer and Chief Financial Officer resigned from those officer roles while remaining as a director and chairman of the board, and that a new CEO and a new CFO were appointed by the board. - Why did the prior CEO and CFO resign from those roles?
According to the 8-K, the resignation was not due to any disagreement with the company, the board, or management on matters relating to operations, policies, or practices. - What experience do the newly appointed executives bring?
The new CEO was described as having more than 15 years of managing experience in tourism technology, e-commerce platform operations, marketing, and brand-building, while the new CFO had experience in financial strategy, budget management, capital allocation, tax planning, and overseeing major corporate matters. - How are the new CEO and CFO compensated according to the filing?
The 8-K states that each executive is entitled to an annual cash fee for their services, to be paid in monthly installments, under employment agreements filed as exhibits to the report. - What does the company expect from its collaboration in Dalian?
The company stated that it expects the collaboration with Dalian Yuanmeng Media Co., Ltd. to increase its competitiveness in the community of Dalian, China after the relief of COVID-related lockdown conditions. - Under which jurisdiction is Jingbo Technology, Inc. incorporated?
SEC filings identify Jingbo Technology, Inc. as a Nevada corporation with a Commission File Number assigned by the SEC.