Rising Dragon Acquisition Corp. enters into merger agreement with HZJL Cayman Limited for $350M business combination

Rising Dragon Acquisition Corp.

Deal value of $350 million payable in 35 million shares of Xpand Boom Technology at $10.00 per share.
HZJL shareholders may receive up to 20 million additional earn-out shares based on revenue targets in two subsequent years.
HZJL provides online branding, software, and supply chain services for local lifestyle businesses (restaurants, coffee shops, etc.).
The combined company plans to remain Nasdaq-listed under a new ticker; closing subject to shareholder and regulatory approvals.
Lock-up period of six months for certain HZJL shareholders.

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