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Securetech Innovations, Inc. (OTCID:SCTH) disclosed Wednesday that it has executed an amendment to its Incubation Operating Agreement with several subsidiaries, including AI UltraProd, Inc., Aiultraprod Group Limited, and Zhejiang Jizhu Technology Co., Ltd. The amendment, signed July 14, 2025, replaces Section 5 of the original agreement, which was entered into on June 23, 2025.
According to the company’s press release statement, the original Section 5 addressed the appointment of a third-party escrow agent to safeguard equity interests distributed in connection with an Acquisition and Stock Purchase Agreement dated June 23, 2025. The parties determined that physical stock certificates could not be issued as initially planned.
As a result, the amendment restructures the equity protection framework, removing the requirement for a third-party escrow arrangement. The revised section continues to provide for equity safeguards agreed upon by the parties, but without the involvement of an escrow agent.
Securetech Innovations holds a 90% interest in Aiultraprod Group Limited and an 80.4% interest in Zhejiang Jizhu Technology Co., Ltd. The company is incorporated in Wyoming and operates in the motor vehicle parts and accessories sector.
This information is based on a press release statement included in a filing with the Securities and Exchange Commission.
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