SEC Form 6-K filed by Bon Natural Life Limited
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF THE
SECURITIES EXCHANGE ACT OF 1934
For the month of April 2025
Commission File Number 001-40517
BON NATURAL LIFE LIMITED
(Translation of registrant’s name into English)
Room 601, Block C, Gazelle Valley, No.69, Jinye Road
High-Tech Zone, Xi’an, Shaanxi, China
People’s Republic of China
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: Form 20-F ☒ Form 40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.
Supply Agreement
On February 19, 2025, our subsidiary Xi’an App-Chem Bio (Tech) Co., Ltd (“App-Chem”) entered into a Supply Agreement (the “Agreement”) with Shanghai Yunsheng International Trading Co., Ltd. (“Shanghai Yunsheng”). Under the Agreement, App-Chem agreed to supply Shanghai Yunsheng with apple polyphenol health products, including (i) apple polyphenol for plant-based beverages; (ii) apple polyphenol plant-based protein powder beverage, and (iii) apple polyphenol tablet candy, which Shanghai Yunsheng will sell and distribute. The term of the Agreement is twenty-four (24) months.
App-Chem will be responsible for quality control such that all of its products are compliant with applicable national standards, and provide a Certification of Analysis (COA). App-Chem will also provide adequate transportation insurance.
Any quality claims from Shanghai Yunsheng must be submitted within two (2) months from the date on which they received the products. App-Chem is not liable for any quality issues arising from improper storage or contamination during unpacking or handling by Shanghai Yunsheng. If any quality discrepancy arises, a re-inspection shall be conducted by a mutually agreed-upon third-party. If the re-inspection confirms non-conformity, App-Chem shall bear all costs incurred.
App-Chem must receive full advanced payment from Shanghai Yunsheng for any products before such products are dispatched.
Either party that terminates the Agreement without justifiable reasons (as defined in the Agreement) or fails to fulfill its obligations under the Agreement shall compensate the other party with a liquidated damages equivalent to 20% of the total Agreement amount. Any lawsuits must be filed in a court located in the People’s Republic of China.
The foregoing is a summary of the material terms of the Agreement. The Agreement contains additional terms, covenants and conditions and should be reviewed in its entirety for additional information.
Exhibits
The following exhibits are included in this Form 6-K:
Exhibit No. | Description of Exhibit | |
10.1 |
Translation of Supply Agreement with Shanghai Yunsheng International Trading Co., Ltd. | |
99.1 | Press Release dated April 11, 2025 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: April 11, 2025 | Bon Natural Life Limited | |
By: | /s/ Yongwei Hu | |
Yongwei Hu | ||
Chairman and Chief Executive Officer |