• Mon. Jun 5th, 2023

Wave Sync Corp. Announces Letter of Intent for Organization Mixture


May 27, 2023

NEW YORK, Could 26, 2023 (GLOBE NEWSWIRE) — Wave Sync Corp.  (the “Organization” or “Wave”) (OTC: Techniques), currently announced that it has entered into a letter of intent (the “LOI”) with Aiways Pacific Asia Inc., a target enterprise (the “Target Company”), for a possible enterprise mixture (the “Acquisition”). The LOI is not a binding agreement, and it outlines the intent and preliminary terms of the Acquisition.

Pursuant to the terms and situations of the LOI, Wave and the Target Organization intend to enter into a definitive agreement pursuant to which Wave and the Target Organization would combine. As a situation to the Target Organization closing the Acquisition, the then Board of Directors and executive officers of the Organization will appoint new members of the Board of Directors and new executive officers to replace them, as designated in writing by the Target Organization, and resign simultaneously.

The completion of the Acquisition is topic to customary situations, such as the completion of due diligence to each and every of the Wave and the Target Company’s satisfaction, the negotiation of a definitive agreement supplying for the transaction, satisfaction of the situations negotiated therein and approval of the transaction by the board and stockholders of each Wave and the Target Organization, and satisfaction of the other situations contained therein.

Accordingly, no assurances can be created by either celebration that the parties will effectively negotiate and enter into a definitive agreement, or that the proposed transaction will be consummated on the terms or timeframe at the moment contemplated, or at all.

Participants in the Solicitation

Wave and its directors and executive officers may perhaps be thought of participants in the solicitation of proxies with respect to the proposed transaction described herein beneath the guidelines of the SEC.

No Supply or Solicitation

This release shall not constitute a solicitation of a proxy, consent, or authorization with respect to any securities or in respect of any enterprise mixture. This release shall not constitute an supply to sell or the solicitation of an supply to get any securities, nor shall there be any sale of securities in any states or jurisdictions in which such supply, solicitation, or sale would be unlawful prior to registration or qualification beneath the securities laws of any such jurisdiction. No supplying of securities shall be created except by implies of a prospectus meeting the specifications of Section ten of the Securities Act of 1933, as amended, or an exemption therefrom.

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About Wave Sync Corp.

Wave Sync Corp. is a Delaware corporation, mainly engaged in industrial and industrial actual estate enterprise by way of its subsidiaries.

Forward-Searching Statements

This press release contains forward-searching statements that involve dangers and uncertainties. Forward-searching statements are statements that are not historical details. Such forward-searching statements, such as the search for an initial enterprise mixture, are topic to dangers and uncertainties, which could bring about actual final results to differ from the forward-searching statements. Forward-searching statements are topic to several situations, numerous of which are beyond the handle of the Organization. The Organization expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-searching statements contained herein to reflect any transform in the Company’s expectations with respect thereto or any transform in events, situations or situations on which any statement is primarily based, except as may perhaps be needed by law.

Organization Make contact with:
Wave Sync Corp.
Jiang Hui
Phone: +1(347) 205-3126

Investor and Media Make contact with:
International Elite Capital Inc.
Annabelle Zhang
Phone: +1(646) 866-7989
E-mail: annabelle@iecapitalusa.com

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