NEW YORK, Might 26, 2023 (GLOBE NEWSWIRE) — Wave Sync Corp.  (the “Firm” or “Wave”) (OTC: WAYS), in the present day introduced that it has entered right into a letter of intent (the “LOI”) with Aiways Pacific Asia Inc., a goal firm (the “Goal Firm”), for a possible enterprise mixture (the “Acquisition”). The LOI will not be a binding settlement, and it outlines the intent and preliminary phrases of the Acquisition.

Pursuant to the phrases and circumstances of the LOI, Wave and the Goal Firm intend to enter right into a definitive settlement pursuant to which Wave and the Goal Firm would mix. As a situation to the Goal Firm closing the Acquisition, the then Board of Administrators and government officers of the Firm will appoint new members of the Board of Administrators and new government officers to exchange them, as designated in writing by the Goal Firm, and resign concurrently.

The completion of the Acquisition is topic to customary circumstances, such because the completion of due diligence to every of the Wave and the Goal Firm’s satisfaction, the negotiation of a definitive settlement offering for the transaction, satisfaction of the circumstances negotiated therein and approval of the transaction by the board and stockholders of each Wave and the Goal Firm, and satisfaction of the opposite circumstances contained therein.

Accordingly, no assurances will be made by both celebration that the events will efficiently negotiate and enter right into a definitive settlement, or that the proposed transaction will likely be consummated on the phrases or timeframe at the moment contemplated, or in any respect.

Individuals within the Solicitation

Wave and its administrators and government officers could also be thought-about individuals within the solicitation of proxies with respect to the proposed transaction described herein beneath the foundations of the SEC.

No Supply or Solicitation

This launch shall not represent a solicitation of a proxy, consent, or authorization with respect to any securities or in respect of any enterprise mixture. This launch shall not represent a suggestion to promote or the solicitation of a suggestion to purchase any securities, nor shall there be any sale of securities in any states or jurisdictions through which such supply, solicitation, or sale could be illegal previous to registration or qualification beneath the securities legal guidelines of any such jurisdiction. No providing of securities shall be made besides via a prospectus assembly the necessities of Part 10 of the Securities Act of 1933, as amended, or an exemption therefrom.

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About Wave Sync Corp.

Wave Sync Corp. is a Delaware company, primarily engaged in business and industrial actual property enterprise via its subsidiaries.

Ahead-Trying Statements

This press launch consists of forward-looking statements that contain dangers and uncertainties. Ahead-looking statements are statements that aren’t historic information. Such forward-looking statements, together with the seek for an preliminary enterprise mixture, are topic to dangers and uncertainties, which may trigger precise outcomes to vary from the forward-looking statements. Ahead-looking statements are topic to quite a few circumstances, a lot of that are past the management of the Firm. The Firm expressly disclaims any obligations or endeavor to launch publicly any updates or revisions to any forward-looking statements contained herein to replicate any change within the Firm’s expectations with respect thereto or any change in occasions, circumstances or circumstances on which any assertion is predicated, besides as could also be required by legislation.

Firm Contact:
Wave Sync Corp.
Jiang Hui
Phone: +1(347) 205-3126

Investor and Media Contact:
Worldwide Elite Capital Inc.
Annabelle Zhang
Phone: +1(646) 866-7989
E-mail: annabelle@iecapitalusa.com