4/A: Bio Essence Corp: Director Yin Yan Corrects Ownership Reporting, Holds 14 Million Shares

Yin Yan, Director and CEO of Bio Essence Corp, files an amendment to Form 4 to correct a typographical error, clarifying her beneficial ownership as 14,000,000 shares of common stock.

Summary

• Yin Yan, a Director, 10% Owner, and the Chief Executive Officer of Bio Essence Corp, filed an amended Form 4 with the SEC.
• The amendment corrects a typographical error in the original filing.
• The corrected filing indicates that Ms. Yan beneficially owns 14,000,000 shares of Bio Essence Corp common stock, not 19,000,000 as previously stated.
• The original transaction date was June 6, 2023, with a deemed execution date of June 9, 2023.
• The transaction involved the purchase of 5,000,000 shares at a price of $0.50 per share.

Sentiment

Score: 7

Explanation: The document is a routine correction of a previous filing, indicating standard corporate governance practices. The sentiment is neutral to slightly positive as it reflects transparency and compliance.

Management Comments

• Yin Yan filed this Amendment on Form 4/A to correct a typographical error identifying her ownership interest as 19,000,000 shares, when it should have read 14,000,000.

Industry Context

This is a standard SEC filing related to insider trading and ownership. It is important for transparency and regulatory compliance.

Stakeholder Impact

• The correction of the ownership information ensures accurate representation to shareholders.

Key Dates

Keywords

Beneficial Ownership, Form 4, Amendment, SEC Filing, Bio Essence Corp, BIOE, Yin Yan, Director, CEO, Shares