According to the Zhitong Finance App, Fubo Group (03738) announced that all the prerequisites for the acquisition of Particle Culture Technology Group (Hangzhou) Co., Ltd. (target company) (proposed acquisition) have been met in accordance with the purchase agreement. The proposed acquisition was completed on May 9, 2022 (Monday) in accordance with the purchase and sale agreement.

The board is convinced that the timely completion of the proposed acquisition will enable the group to seize the huge growth opportunities in China.