M&A - DEAL A DAY GROUP CORP.

Form Type: 8-K

Filing Date: 2025-06-03

Corporate Action: Acquisition

Type: New

Accession Number: 000134176825000003

Filing Summary: On June 3, 2025, Shonghoya Intl. Group, Inc. reported that they were approached by SSTHG Zhejiang Intelligent Tech Co., Ltd., a company based in Hangzhou, China, with a proposal to fully acquire Shonghoya. SSTHG aims to pursue this acquisition alongside its subsidiary, MMT Maimaiti O2O Local Life Service Platform. SSTHG, established in November 2020, focuses on integrating AI-driven marketing and smart supply chain technology. Shonghoya, incorporated in 2005 and listed under the ticker symbol SNHO, specializes in internet sales and marketing, and is currently developing digital coupon marketing solutions. The acquisition is seen as a strategic move for SSTHG to enhance its reach in the U.S. digital commerce sector, while benefitting Shonghoya's operational growth. The two companies are committed to ensuring a transparent acquisition process and will keep stakeholders updated on significant developments. Additionally, Mr. Xiaoyang Du, the founder of SSTHG, has been appointed to Shonghoya's Board of Directors to facilitate cooperation and business objectives related to this acquisition.