NIP Group Inc. announced the termination of its previously disclosed Share Swap Agreement with the beneficial owners of ZSZQ Limited. Initially, NIP Group had issued 920,212 Class A Ordinary Shares in October 2024 to acquire a 61% equity stake in ZSZQ Limited, with plans to acquire an additional 13% annually from 2025 to 2027. However, following a review, the company determined that certain contractual obligations and performance targets for 2024 were not met. Consequently, the company exercised its right to terminate the agreement. On July 31, 2025, all parties entered into a termination agreement, resulting in the cancellation of all Class A Ordinary Shares previously issued under the Share Swap Agreement.
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