Culturecom Holdings (00343) released an announcement regarding (including) the acquisition of the seller (company subsidiary Vanity Holdings Limited) on the relevant matters of buying and selling equity (all the sales equity of Brain Technology (Shenzhen) Co., Ltd.). If the conditions of the agreement cannot be met by July 31, 2024 (deadline) or a later date agreed upon by the seller and the buyer (or exempted by the buyer, depending on the situation), the agreement will be terminated, and the contracting parties of the agreement will not bear any obligation or responsibility towards each other, except for any previous violations of its terms.
Wisdom Wealth APP news, Culturecom Holdings (00343) released an announcement regarding (including) the acquisition of the seller (company subsidiary Vanity Holdings Limited) on the relevant matters of buying and selling equity (all the sales equity of Brain Technology (Shenzhen) Co., Ltd.). If the conditions of the agreement cannot be met by July 31, 2024 (deadline) or a later date agreed upon by the seller and the buyer (or exempted by the buyer, depending on the situation), the agreement will be terminated, and the contracting parties of the agreement will not bear any obligation or responsibility towards each other, except for any previous violations of its terms.
Due to the need for additional time to meet the conditions of the agreement, on July 29, 2024, after fair negotiation, the seller and buyer agreed to an extension letter to extend the deadline to September 30, 2024, or a later date agreed upon by the seller and the buyer. Apart from extending the deadline, all other terms and conditions of the agreement remain unchanged.
