Code Chain New Continent Limited (NasdaqCM:CCNC) agreed to acquire Shanghai Highlight Media Co., Ltd. from Hongxiang Yu and Shuang Zhang for $2.1 million on September 16, 2022. As per the terms of the transaction, CCNC agreed to issue an aggregate of 9,000,000 shares of common stock of the Company (the “Shares”), valued at $0.25 per share.

Code Chain New Continent Limited (NasdaqCM:CCNC completed the acquisition of Shanghai Highlight Media Co., Ltd. from Hongxiang Yu and Shuang Zhang on September 29, 2022.