CHENGDU, China, May 28, 2025 - BGM Group Ltd. $(BGM)$ has announced definitive agreements to acquire Xingdao Intelligent Cloud Chain (Shenzhen) Co., Ltd. and YD Network Technology Company Limited. The acquisition, valued at RMB800 million, will be completed through the issuance of 37,123,142 new Class A ordinary shares of BGM at US$3.0 per share. The transaction is expected to close by the end of June 2025, pending customary conditions. Post-acquisition, the shareholders of the two companies will collectively own about 15.6% of BGM's total shares. According to Chen Xin, CEO of BGM, these acquisitions mark significant advancements in both embodied intelligence and industry-specific AI applications, supporting the company's strategy to enhance its AI productivity platform and expand its industry reach.
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