Rising Dragon issues two $55,637.41 notes to SZG Limited, extending SPAC deadline to Oct 15, 2026

Rising Dragon Acquisition Corp.

Two unsecured, non-interest-bearing promissory notes of $55,637.41 each were issued Aug 15 and Sept 15, 2026 to SZG Limited, designee of HZJL Cayman Limited, the Jan 27, 2025 merger counterparty.
Note proceeds were deposited into the trust account to extend the time to consummate an initial business combination until October 15, 2026; trust account was initially funded with $57,787,500.
Principal is payable when the business combination closes; SZG may convert the notes into private units at $10.00 per unit with at least five business days' written notice.
Notes terminate without payment if the Merger Agreement is terminated under Section 13.2(a), or if the deal fails to close for reasons not attributable to Rising Dragon or is mutually terminated.
SZG Limited waives any claim against the trust account; the notes are governed by New York law. CEO Lulu Xing signed for the issuer.

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