Flag Ship terminates GRT merger, enters new merger with Great Future Technology Inc.

Flag Ship Acquisition Corp

Mutual termination of prior merger with Great Rich Technologies on April 18, 2025; no termination fee payable.
New Merger Agreement with Great Future Technology Inc. (PubCo) and GFT Merger Sub; each ordinary share exchanges for one PubCo Class A share.
Each outstanding Company Right converts into fractional PubCo Class A shares based on per-share merger consideration.
Closing requires SEC registration, Nasdaq listing, CSRC approval, shareholder votes; outside date December 31, 2025.
Lock-up: PubCo holders (6 months; 50% may release if price ≥$12.50 for 20 days); Sponsor (30 days private, 6 months founder).

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