UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

~~Washington~~WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

~~Pursuant~~PURSUANT toTO ~~Section~~SECTION 13 orOR 15(dD) ofOF

~~the~~THE SECURITIES ~~Securities~~EXCHANGE ~~Exchange~~ACT ~~Act~~OF of 1934

Date of Report (Date of earliest event reported): ~~June~~August 2815, 2022 (August 15, 2022)

SHENGDA NETWORK TECHNOLOGY, INC.

(Exact ~~name~~Name of ~~registrant~~Registrant as ~~specified~~Specified in its ~~charter~~Charter)

Nevada	~~000~~333-~~05576~~227526	35-2606208
(State or other jurisdiction of incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)
(State or Other Jurisdiction of Incorporation)	(Commission File No.)	(I.R.S. Employer Identification No.)

Floor 6, Building 6, LuGang WebMall Town, Chou Jiang, YiWu, Jinhau City, Zhejiang Province, China

Floor 6, Building 6

LuGang WebMall Town, ChouJiang, YiWu

Jinhua City, Zhejiang Province, China

322000

(Address of Principal Executive Offices)

(Zip Code)

~~(Address~~Registrant’s oftelephone ~~principal~~number, ~~executive~~including ~~offices)~~area code:

~~Registrant’s telephone number, including area code: (702) 979~~86-~~5606~~155-5793-7666

~~Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:~~n/a

~~☐ Written communications pursuant to Rule 425 under the Securities Act~~ (17Former name ~~CFR~~or ~~230.425)~~former ☐address, ~~Soliciting~~if ~~material~~changed ~~pursuant~~since tolast ~~Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12~~report) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13a-4(c))

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol		Name of exchange on which registered
None		N/A		N/A

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

~~Securities~~Item ~~registered~~5.02 ~~pursuant~~Departure toof ~~Section~~Directors ~~12(b)~~or Certain Officers; Election of ~~the~~Directors; ~~Act:~~Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

~~Title~~ Increase of ~~each~~Board ~~class~~Size, ~~Trading~~Appointment ~~Symbol(s) Name~~ of ~~each~~Directors; ~~exchange~~Appointment onof ~~which registered N/A N/A N/A~~Chair

~~Item~~On 4August 15, 2022, the board of directors (the “Board”) of Shengda Network Technology, Inc.01 (the “Company”) was increased to five members. ~~Other~~Mr. ~~Events~~Yizhong Chen, Mr. Hanguo Li, Mr. Manu Ohri and Mr. Yanfeng Wang were appointed as independent directors of the Board, effective the same date. In addition, the existing director of the Board, Mr. HangJin Chen, was appointed Chair of the Board, effective the same date.

~~(a)~~The ~~Dismissal~~biographies of ~~independent~~the ~~registered~~newly ~~accounting~~appointed ~~firm~~directors are set forth below:

OnYizhong ~~June~~Chen 28(59) currently serves as chief accountant, ~~2022~~chairman and general manager of Zhejiang Pan’an Ankang Native Products Co., ~~the~~Ltd., ~~board~~in which he previously has served in various roles since October 1996. Earlier, Mr. Chen worked for Pan’an County Deputy Food Company, Pan’an County Supply and Marketing Co., Ltd. and Dongyang Jianshan Supply and Marketing Co., Ltd. Currently a farmer and president of ~~directors~~the Federation of ~~Shengda~~Cooperatives ~~Network~~in ~~Technology~~Pan’an ~~Inc.~~County, the People’s Republic of China (the “~~Company~~PRC”), and ~~dismissed~~previously SSdirector ~~Accounting~~and &officer ~~Auditing~~of various food, ~~Inc~~ edible fungus and fruit civic associations in the PRC. Mr. Chen received an undergraduate degree in commercial enterprise management from Zhejiang University of Economics and Business (~~“SS~~formerly ~~Accounting”~~Zhejiang Supply and Marketing Staff College), asin ~~the~~July ~~Company’s~~1988 ~~independent~~and ~~registered~~subsequently ~~public~~studied ~~accounting~~at ~~firm~~Zhejiang University City College of Business Administration EMBA. In 2014, ~~effective~~he obtained ~~immediately~~a diploma in traditional Chinese medicine from Zhejiang Pharmaceutical College.

~~The~~Hanguo ~~reports~~Li (66) has served as Professor of SSFinance ~~Accounting~~and onDirector of Securities and Futures Research at the ~~Company~~Center of Jiangxi University of Finance and Economics since December 2007. Mr. Li has been engaged as a counselor to Nanchang Municipal People’s ~~financial~~Government since ~~statement~~December as2009; external supervisor of ~~and~~Nanchang ~~for~~Bank since April 2015; consultant of the ~~years~~Nanchang ~~ended~~Cultural Property Rights Trading Center since May 2015; consultant of the Jiangxi Provincial Development and Reform Association since June 302018; and doctoral supervisor of Sirawa University, ~~2021~~Thailand since August 2019. Mr. Li has also served as an independent director of each of Huazhang Chinese Media Co and ~~June~~Jiangxi 30Sanchuan Wisdom Co., ~~2020~~Ltd. ~~contained~~since April 2019. He previously served as an independent director of Jiangxi Guotai Group Co., noLtd. ~~adverse~~and ~~opinion~~Jiangxi orZhengbang ~~disclaimer~~Technology Co., Ltd. The author of ~~opinion~~books ~~nor~~on ~~were~~finance ~~any~~audits ~~such~~and ~~reports~~recipient ~~qualified~~of ormultiple ~~modified~~awards asin tothe ~~uncertainty~~PRC, ~~audit~~Mr. Li ~~scope~~received ora bachelor’s degree from at Jiangxi University of Finance and Economics in July 1982 and a degree in accounting from Xiamen University in July 1983. He subsequently received a masters of economics from Zhongnan University of Finance and Economics ~~principle~~in June 1996 and a PhD in finance from American World University in May 2003.

~~The~~Manu ~~accompanying~~Ohri ~~financial~~(67) ~~statements~~has ~~have~~provided ~~been~~management ~~prepared~~consulting ~~assuming~~and ~~the~~business ~~Company~~advisory ~~will~~services ~~continue~~through asAnarjay Concepts, aInc. ~~going~~from ~~concern.~~2020 Asthrough ~~described~~the inpresent. ~~Note~~From 12015 to ~~the~~ ~~financial statements~~2019, Mr. Ohri served as the ~~Company~~Chief ~~recorded~~Financial aOfficer ~~net~~of ~~loss~~ToughBuilt ~~for~~Industries, Inc. Mr. Ohri joins the ~~year~~Company ~~ended~~with ~~June~~more ~~30,~~than ~~2021,~~25 ~~used~~years ~~net~~of ~~cash~~hands-on ~~flows~~experience in ~~operating~~financial ~~activities,~~management and business leadership and working with boards of directors and financial institutions. Mr. Ohri has aassisted ~~net~~several ~~decrease~~public companies in ~~cash~~the ~~for~~areas ~~the~~of ~~year~~compliance ~~ended~~with ~~June~~U.S. and 30international financial accounting and reporting standards, ~~2021.~~investor ~~These~~relations, ~~factors~~mergers and acquisitions, ~~among~~strategic ~~others~~planning, ~~raise~~team-building and project management. Mr. Ohri is a ~~substantial~~certified ~~doubt~~public ~~regarding~~accountant ~~the~~and chartered global management accountant with over seven years of ~~Company’s~~previous ~~ability~~experience towith ~~continue~~Deloitte, asLLP aand ~~going~~PriceWaterhouseCoopers, ~~concern~~LLP. ~~The~~Mr. ~~financial~~Ohri ~~statements~~received doa business ~~not~~degree ~~include~~in ~~any~~communications ~~adjustments~~from ~~that~~the ~~might~~University ~~result~~of Delhi in 1975 and a master’s degree in business administration from the University ~~outcome~~ of ~~this~~Detroit ~~uncertainty~~in December 1979.

~~During~~Mr. ~~the~~Yanfeng ~~recent~~Wang ~~fiscal~~(36) ~~years~~has ~~ending~~been ~~June~~employed ~~30,~~by ~~2021~~Zhejiang ~~and~~Jingmai ~~June~~E-commerce 30Co., LTD. since 2020. ~~and~~From ~~through~~2015 to 2016, Mr. Wang was the chief ~~date~~analyst ofat ~~this~~Engu ~~Current~~Capital. ~~Report~~Previously, ~~there~~Mr. ~~have~~Wang ~~been~~served noas ~~(i)~~the ~~disagreements with~~chief SSlecturer ~~Accounting~~and onanalyst ~~any~~of ~~matter~~East orChina ~~accounting~~in ~~principles~~JingZhuan orSoftware ~~practices~~Development Co., ~~financial~~Ltd. ~~statement~~from ~~disclosure,~~2012 orto ~~auditing~~2013. ~~scope~~Mr. orWang ~~procedure, which~~earned ~~connects~~a ~~with~~degree ~~its~~in ~~reports;~~logistics ormanagement ~~(ii)~~from ~~“reportable~~the ~~events”~~East asChina ~~defined~~Institute of Technology in ~~Item~~2012 ~~304(~~and received a~~)(1)(v)~~ ofcertificate ~~Regulation~~in ~~S-K~~fund practice in 2016.

~~The~~There ~~Company~~are ~~has~~no ~~provided~~family SSrelationships ~~Accounting~~among ~~with~~any aof ~~copy~~Mr. ofWang, ~~the~~Mr. ~~above~~Chen, ~~disclosures~~Mr. ~~and~~Hu ~~requested~~or ~~that~~Mr. SSLi ~~Accounting~~or ~~furnish~~our ~~the~~current ~~Company~~officers ~~with~~or adirector. ~~letter addressed~~None toof the ~~Securities~~directors are ~~and~~party ~~Exchange~~to ~~Commission~~any ~~(“SEC”)~~arrangement ~~stating whether~~ or ~~not~~understanding itwith ~~agrees~~any ~~with~~person ~~the~~pursuant ~~above~~to ~~statement.~~which ~~A copy~~they ofwere SSappointed ~~Accounting’s~~as ~~letter~~directors, ~~dated~~nor ~~July~~are ~~28,~~they ~~2022~~party to isany ~~filed~~transactions asrequired ~~exhibit~~to ~~16.1~~be todisclosed ~~this~~under ~~Current~~Item ~~Report~~404(a) of ~~Form~~Regulation 8S-K involving the Company.

~~(b)~~Audit ~~Engagement of new independent registered public accounting firm~~Committee

On ~~June~~August 2815, 2022, the ~~Company~~Board ~~engaged~~established ~~Paris~~an ~~Kreit~~audit &committee ~~Chiu CPA LLP,~~ (the “~~Paris~~Audit ~~Kreit~~Committee”) and adopted the audit committee charter, a copy of which is attached hereto as Exhibit 3.1 and is incorporated herein by reference. Effective on the ~~Company’s~~same ~~new~~date, ~~independent~~Mr. Ohri, Mr. ~~registered~~Chen ~~public~~and ~~accounting~~Mr. ~~firm~~Li were appointed to the Audit Committee, with Mr. Ohri serving as chair of the Audit Committee.

~~During~~The ~~the~~Audit ~~recent~~Committee ~~fiscal~~is ~~years~~responsible ~~ending~~for ~~June~~assisting ~~30, 2021 and June 30, 2020, and through~~ the ~~date~~Board ofin ~~this Report, neither the Company, nor any on~~ its ~~behalf,~~oversight ~~consulted~~responsibilities ~~with Paris Kreit~~ regarding ~~(i)~~ the ~~application~~Company’s of accounting ~~principles~~and financial toreporting ~~any specified transaction~~processes, ~~either completed or proposed, (ii)~~ the ~~type~~audits of ~~audit opinion that might be rendered on~~ the Company’s financial statements, orand ~~(iii)~~the ~~any~~independent ~~matter~~auditors’ ~~that~~qualifications ~~was~~and ~~either the subject of a disagreement (as defined in Item 304(a)(1)(iv)) or a reportable event (as defined in Item 304(a)(1)(v)~~independence.

The Board has determined that all of the members of the Audit Committee are “independent,” as defined under the rules of the Nasdaq Capital Market. In addition, all members of the Audit Committee meet the independence requirements contemplated by Rule 10A-3 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Further, all members of the Audit Committee meet the requirements for financial literacy under the applicable rules and regulations of the Securities and Exchange Commission (“SEC”) and the Nasdaq Capital Market. The Board has determined that Mr. Li is an “audit committee financial expert” as defined by applicable SEC rules and has the requisite financial sophistication as defined under the applicable Nasdaq rules and regulations.

Nominating Committee

In addition, on the same date, the Board established a nominating committee (the “Nominating Committee”) and adopted the nominating committee charter, a copy of which is attached hereto as Exhibit 3.2 and is incorporated herein by reference. Effective August 15, 2022, Mr. Chen, Mr. Ohri and Mr. Li were appointed to the Nominating Committee, with Mr. Chen serving as chair of the Nominating Committee.

The Nominating Committee is responsible for, among other things, identifying qualified board candidates and nominees, and corporate officers of the Company and other matters with respect to governance of the Company.

Compensation Committee

In addition, on the same date, the Board established a compensation committee (the “Compensation Committee”) and adopted the compensation committee charter, a copy of which is attached hereto as Exhibit 3.3 and is incorporated herein by reference. Effective August 15, 2022, Mr. Li and Mr. Ohri were appointed to the Compensation Committee, with Mr. Li serving as chair of the Compensation Committee.

The Compensation Committee is responsible for the approval and implementation of the executive compensation for officers and other key executives of the Company.

Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.

On August 15, 2022, the Company adopted amended and restated bylaws (the “Bylaws”), which became effective on the same date.

This summary description of the material terms of the Bylaws does not purport to be complete and is qualified in its entirety by reference to the full text of the Bylaws, a copy of which is attached hereto as Exhibit 3.4 and is incorporated herein by reference.

Item 8.01 Other Events.

Code of Ethics

On August 15, 2022, the Company adopted a Code of Business Conduct and Ethics (“Code of Ethics”) for its directors, executive officers and employees that complies with the regulations of the SEC. The Code of Ethics is attached as Exhibit 14.1 hereto and incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exibit No.		Description
Exhibit No.		Description
16.1		Letter of SS Accounting & Auditing, Inc.Inc. to the Securities and Exchange Commission dated July 28, 2022
3.1		Audit Committee Charter
3.2		Nominating Committee Charter
3.3		Compensation Committee Charter
3.4		Amended and Restated Bylaws of Shengda Network Technology, Inc.
14.1		Code of Ethics
104		Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the ~~registrant~~Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	SHENGDA NETWORK TECHNOLOGY INC.
	SHENGDA NETWORK TECHNOLOGY, INC.
Date: July 28, 2022	By:	/s/ HangJin Chen
Date: August 15, 2022	By:	/s/ HangJin Chen
	Name:	HangJin Chen
		HangJin Chen
		Chief Executive Officer, President and Chief Financial Officer

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