Nocera acquires Chinese e-commerce firm Xinca via VIE; pays 1.8M shares

NOCERA, INC.

Acquired 100% of Zhejiang Xinca through VIE agreements; purchase price 1.8 million unregistered shares of NCRA common stock.
Xinca operates e-commerce model on Douyin (Chinese short-video platform); Nocera plans to sell fish via Douyin and later TikTok.
No financial details of Xinca provided; VIE structure used due to Chinese foreign investment restrictions on certain industries.
Acquisition closed January 31, 2024; press release issued February 6, 2024.

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