Wave Sync Corp. publishes a letter of intent for a business enterprise mixture

NEW YORK, Could 26, 2023 (GLOBE NEWSWIRE) — Wave Sync Corp. (the “Organization” or “Talas”) (OTC: VAIS), these days announced that it has signed a letter of intent (“LOI”) with Aivais Pacific Asia Inc., a target business (the “Target Organization”), for a possible business enterprise mixture ( “Acquisition”). The LOI is not a binding contract and describes the intent and preliminary terms of the takeover.

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

Completion of the acquisition is topic to customary situations, such as the completion of due diligence to the satisfaction of every single of Wave and the target business, the negotiation of a definitive agreement delivering for the transaction, the satisfaction of the situations set forth therein and the approval of the transaction by the boards and stockholders of each Wave and the Target Organization, as effectively as the fulfillment of other situations contained in them.

Accordingly, neither celebration can make any assurances 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 presently contemplated, or at all.

Participants in the Solicitation

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

No give or request

This release will not constitute the solicitation of a proxy, consent or authority with respect to any securities or with respect to any business enterprise mixture. This release will not constitute an give to sell or the solicitation of an give to get any securities, nor will there be any sale of securities in any state or jurisdiction in which such give, solicitation or sale would be illegal prior to registration or qualification below the laws on the securities of any such jurisdiction. The give of securities will not be created except by indicates of a prospectus that meets the specifications of Report 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 genuine estate via its subsidiaries.

Forward-hunting statements

This press release contains forward-hunting statements that involve dangers and uncertainties. Forward-hunting statements are statements that are not historical information. Such forward-hunting statements, which includes the pursuit of an initial business enterprise mixture, are topic to dangers and uncertainties, which could result in actual final results to differ from forward-hunting statements. Forward-hunting statements are topic to a quantity of situations, quite a few of which are beyond the company’s manage. The Organization expressly disclaims any duty or obligation to publicly update or revise any forward-hunting statements contained herein to reflect any adjust in the Company’s expectations with respect thereto or any adjust in events, situations or situations that any statement is primarily based on, unless needed by law.

Organization speak to:
Wave Sync Corp.
Jiang Hui
Telephone: +1(347) 205-3126

Speak to for investors and media:
International Elite Capital Inc.
Annabelle Zhang
Telephone: +1(646) 866-7989
E-mail: annabelle@iecapitalusa.com