Daohe Global Group Ltd. has announced the termination of its proposed acquisition of a 51% equity interest in a limited liability company incorporated in the PRC. The decision followed a due diligence review that revealed differing understandings between the parties regarding the future development direction, which did not align with the Group's investment assumptions and strategic objectives. Consequently, the Board has decided not to proceed with the acquisition. The Refundable Deposit of RMB5,100,000 paid by the Group has been fully refunded in accordance with the terms of the memorandum of understanding and the escrow arrangement. The announcement was made by Executive Director and CEO, Wong Hing Lin, Dennis, on May 13, 2025.
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