Kaired Holdings Co., Ltd. (hereinafter referred to as "the Company" or "Kaired") and Ningbo Gedeyingxiang Trading Co., Ltd. signed the "Judicial Transfer Agreement" on November 16, 2022, which stipulated that both parties would complete the share transfer by November 15, 2023. Due to the Company's investigation by the China Securities Regulatory Commission for suspected violations of information disclosure laws starting in August 2023, the parties have agreed to extend the share transfer deadline to June 30, 2024.
This matter has been reviewed and approved by the board of directors and shareholders of Ningbo Gedeyingxiang Trading Co., Ltd., as well as the Company's board of directors. However, it still requires approval from the Company's shareholders' meeting, and there is uncertainty regarding the final completion of the share transfer, which investors should be aware of.