SavMobi terminates acquisition of Dalian Yuanmeng Media due to lack of government consents

Jingbo Technology, Inc.

Sale and Purchase Agreement with Zhao Xindong and Guo Hengchang terminated by mutual consent effective Nov 26, 2021.
Sellers could not obtain required governmental authority consents to consummate the transaction.
No consideration was paid and no common stock were issued; no termination penalties payable.
All rights and obligations of the parties under the Agreement cease as of the termination date.

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