June 9, 2023 1:16 am

NEW YORK, May perhaps 26, 2023 (GLOBE NEWSWIRE) — Wave Sync Corp.  (the “Enterprise” or “Wave”) (OTC: Methods), currently announced that it has entered into a letter of intent (the “LOI”) with Aiways Pacific Asia Inc., a target organization (the “Target Company”), for a prospective business enterprise mixture (the “Acquisition”). The LOI is not a binding agreement, and it outlines the intent and preliminary terms of the Acquisition.

Pursuant to the terms and situations of the LOI, Wave and the Target Enterprise intend to enter into a definitive agreement pursuant to which Wave and the Target Enterprise would combine. As a situation to the Target Enterprise closing the Acquisition, the then Board of Directors and executive officers of the Enterprise will appoint new members of the Board of Directors and new executive officers to replace them, as designated in writing by the Target Enterprise, and resign simultaneously.

The completion of the Acquisition is topic to customary situations, such as the completion of due diligence to every single of the Wave and the Target Company’s satisfaction, the negotiation of a definitive agreement delivering for the transaction, satisfaction of the situations negotiated therein and approval of the transaction by the board and stockholders of each Wave and the Target Enterprise, and satisfaction of the other situations contained therein.

Accordingly, no assurances can be created by either celebration that the parties will effectively negotiate and enter into a definitive agreement, or that the proposed transaction will be consummated on the terms or timeframe at the moment contemplated, or at all.

Participants in the Solicitation

Wave and its directors and executive officers may possibly be deemed participants in the solicitation of proxies with respect to the proposed transaction described herein below the guidelines of the SEC.

No Supply or Solicitation

This release shall not constitute a solicitation of a proxy, consent, or authorization with respect to any securities or in respect of any business enterprise mixture. This release shall not constitute an supply to sell or the solicitation of an supply to obtain any securities, nor shall there be any sale of securities in any states or jurisdictions in which such supply, solicitation, or sale would be unlawful prior to registration or qualification below the securities laws of any such jurisdiction. No supplying of securities shall be created except by suggests of a prospectus meeting the specifications of Section ten 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 corporation, mainly engaged in industrial and industrial actual estate business enterprise by way of its subsidiaries.

Forward-Hunting Statements

This press release consists of forward-searching statements that involve dangers and uncertainties. Forward-searching statements are statements that are not historical information. Such forward-searching statements, like the search for an initial business enterprise mixture, are topic to dangers and uncertainties, which could bring about actual final results to differ from the forward-searching statements. Forward-searching statements are topic to several situations, several of which are beyond the handle of the Enterprise. The Enterprise expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-searching statements contained herein to reflect any alter in the Company’s expectations with respect thereto or any alter in events, situations or situations on which any statement is primarily based, except as may possibly be expected by law.

Enterprise Get in touch with:
Wave Sync Corp.
Jiang Hui
Phone: +1(347) 205-3126

Investor and Media Get in touch with:
International Elite Capital Inc.
Annabelle Zhang
Phone: +1(646) 866-7989
E-mail: annabelle@iecapitalusa.com

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