Material Agreement, Asset Transaction (Form 8-K)

Item 1.01 Entry into a Material Definitive Agreement.

On April 17, 2025, YCWB Agricultural Technology Co. Limited, an indirect wholly owned subsidiary of Intelligent Hotel Group Ltd (the "Selling Subsidiary") entered into a definitive equity transfer agreement (the "Disposal Agreement") with Chenjiang Zhang, an independent third party (the "Buyer"), pursuant to which the Selling Subsidiary agreed to sell all of its equity interest in its wholly owned subsidiary, SCQC Agricultural Co. Limited, a company organized under the laws of the People's Republic of China ("PRC Subsidiary"). The Board of Directors of the Intelligent Hotel Group Ltd (the "Company") reviewed and approved the Disposal Agreement and the proposed transaction on April 17, 2025.

The decision to dispose of the PRC Subsidiary was made as part of the Company's strategic plan to streamline operations and focus on core business activities. The PRC Subsidiary was previously engaged in bio-carbon-based fertilizer trading business, which the Company has determined is no longer consistent with its long-term development strategy. Pursuant to the terms of the Disposal Agreement, the Buyer agreed to pay, and the Selling Subsidiary agreed to receive a total consideration of nil.

The foregoing summary is qualified in its entirety by reference to the English translation of the Disposal Agreement, originally executed in Chinese, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K for convenience and incorporated herein by reference.

Item 2.01 Completion of Acquisition or Disposition of Assets.

On April 28, 2025, the Company completed the disposition of its indirect wholly owned subsidiary, SCQC Agricultural Co. Limited, pursuant to the Disposal Agreement. As a result of the transaction, the Selling Subsidiary has transferred 100% of its equity interests in the PRC Subsidiary to the buyer. Following the closing, the PRC Subsidiary is no longer a subsidiary of the Company.

No material relationship exists between the Company or any of its affiliates and the Buyer other than in respect of the transaction described in this Current Report on Form 8-K.