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Sichuan Jiade Zhigao Technology Co. Entered Equity Transfer Agreement With Chengdu Meirusi Technology Co., Under Which Jiade Zhigao Agreed To Acquire 75% Of Equity Interests In Kunyuan From Meirusi; Jiade Zhigao Also Entered Equity Transfer Agreement To Acquire 100% Of The Equity Interests In Jiazhi From Meirusi

Benzinga·12/27/2024 13:07:09
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On December 24, 2024, Sichuan Jiade Zhigao Technology Co., Ltd., a limited liability company organized under the laws of the PRC ("Jiade Zhigao"), which is a PRC subsidiary of JIADE LIMITED, a Cayman Islands company (the "Company"), entered into an equity transfer agreement (the "Kunyuan Agreement") with Chengdu Meirusi Technology Co., Ltd. ("Meirusi"), which is a PRC limited liability company holding 75% of the equity interests in Sichuan Kunyuan Safety Technology Services Co., Ltd. ("Kunyuan"). Pursuant to the Kunyuan Agreement, Jiade Zhigao agreed to acquire 75% of the equity interests in Kunyuan from Meirusi (the "First Acquisition"). In consideration for the First Acquisition, Jiade Zhigao agreed to pay RMB9,000,000 (approximately $1,234,000) to Meirusi, subject to the satisfaction by Meirusi and Kunyuan of their obligations under the Kunyuan Agreement. The Kunyuan Agreement contains customary covenants, closing conditions, and other obligations and rights of the parties.

On December 24, 2024, Jiade Zhigao also entered into an equity transfer agreement (the "Jiazhi Agreement") with Meirusi, the sole shareholder of Sichuan Jiazhi Taizhang Safety Technology Co., Ltd. ("Jiazhi"). Pursuant to the Jiazhi Agreement, Jiade Zhigao agreed to acquire 100% of the equity interests in Jiazhi from Meirusi (the "Second Acquisition"). In consideration for the Second Acquisition, Jiade Zhigao agreed to pay RMB23,000,000 (approximately $3,153,000) to Meirusi, subject to the satisfaction by Meirusi and Jiazhi of their obligations under the Jiazhi Agreement. The Jiazhi Agreement contains customary covenants, closing conditions, and other obligations and rights of the parties.

The foregoing description of the Kunyuan Agreement and the Jiazhi Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Kunyuan Agreement and the Jiazhi Agreement, which are filed as Exhibit 10.1 and Exhibit 10.2 to this Form 6-K, respectively.

The Kunyuan and Jiazhi Agreements and the transactions contemplated thereby were approved and authorized by the board of directors of the Company on December 23, 2024.

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