SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549
____________________

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): March 12, 2020

AB International Group Corp.

(Exact name of registrant as specified in its charter)

Registrant’s telephone number, including area code: (852) 2622-2891

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:

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.      [ ]

SECTION 1 - REGISTRANT'S BUSINESS AND OPERATIONS

ITEM 1.01 - ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT

On March 12, 2020, we entered into a Securities Purchase Agreement (“Armada SPA”) with Armada Capital Partners, LLC., a Delaware limited company (“Armada”), pursuant to which we issued and sold to the Armada a convertible promissory note, dated March 12, 2020, in the principal amount of $38,500 (the “Armada Note”). We received $33,000 less costs.

The maturity date for repayment of the Armada Note is March 12, 2021 and the Armada Note bears interest at 10% per annum. All principal and accrued interest on the Armada Note is convertible into shares of our common stock at the election of the Armada at any time at a conversion price equal to a 60% of the lowest trading price for our common stock during the 10 trading day period immediately prior to conversion.

We have the right to prepay the Armada Note at any time prior to 180 days following the closing date. The amount we are required to prepay is 135% of the principal amount plus accrued interest and other charges.

The Armada Note contains customary default events which, if triggered and not timely cured, will result in default interest and penalties.

In connection with the issuance of the Armada Note, we granted the Armada a five year cashless warrant (the “Warrant”) to purchase 4,200 shares of our common stock at an exercise price of $12.50 per share.

The foregoing description of the Armada SPA, the Armada Note, the Armada Warrant and the transactions contemplated thereby does not purport to be complete and is subject to, and qualified in its entirety by reference to, the full text of the Armada SPA, the Armada Note, and the Armada Warrant, which are included in this Current Report as Exhibits 10.1, 4.1 and 4.2, respectively, and are incorporated herein by reference.

If the above notes are converted prior to us paying off such notes under the prepayment provisions, it would lead to substantial dilution to our shareholders as a result of the conversion discounted for the notes. There can be no assurance that there will be any funds available to pay the notes, or if available, on terms that will be acceptable to us or our shareholders. If we fail to obtain such additional financing on a timely basis, the purchasers may convert the notes and sell the underlying shares, which may result in significant dilution to shareholders due to the conversion discount, as well as a significant decrease in our stock price.

SECTION 2 - FINANCIAL INFORMATION

Item 2.03 – Creation of a Direct Financial Obligation

The information set forth in Items 1.01 is incorporated into this Item 2.03 by reference.

SECTION 9 – Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits.

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 hereunto duly authorized.

AB International Group Corp.

/s/ Chiyuan Deng

Chiyuan Deng

President

Date: March 18, 2020