MC Hologram Inc entered into a letter of intent to acquire Golden Path Acquisition Corporation (NasdaqCM:GPCO) from Greenland Asset Management Corporation and others in a reverse merger transaction on August 3, 2021. MC Hologram Inc entered into a definitive merger agreement to acquire Golden Path Acquisition Corporation from Greenland Asset Management Corporation and others in a reverse merger transaction for $440 million on September 10, 2021. The terms of the merger provide for a valuation of MC and its subsidiaries and businesses of $450,000,000. Based upon a per share value of $10.10 per share, the MC stockholders will receive approximately 44,554,455 ordinary shares of Golden Path which will represent approximately 84.07% of the combined outstanding shares following the closing, assuming no redemptions by the Golden Path stockholders and assuming conversion of the Golden Path outstanding rights into 602,050 ordinary shares. Upon closing of the transaction, Golden Path will change its name to MicroCloud Hologram Inc. Pursuant to the terms of the proposed merger, the post-closing Board of Directors will consist of 5 members, four of whom will be nominated by MC. The transaction is subject to the approval by Golden Path's shareholders of the merger, the proposed change of name, an increase in the authorized share capital of Golden Path, the receipt by Golden Path of audited and unaudited financial statements of MC in compliance with PCAOB standards on or before November 30, 2021, and satisfaction of the other conditions stated in the definitive agreement and other customary closing conditions, including among other things that the U.S. Securities and Exchange Commission completes its review of the registration/proxy statement and Nasdaq approves the listing application of the post-closing company. Consummation of the Closing is conditioned on: with respect to all parties: (a) no law or Order preventing the Closing, (b) no action, (c) effectiveness of the Proxy/Registration statement and no stop order thereof, (d) each of the Transaction Documents have been duly executed, (e) execution of the employment agreement for each Post-Closing Officer, (f) Purchaser shall have at least $5,000,001 of net tangible assets (as determined in accordance with Rule 3a51-1(g)(1) of the Exchange Act) immediately after the Closing. The boards of directors for both Golden Path and MC and the stockholders of MC have approved the proposed merger, which is expected to be completed by the end of first quarter of 2022. On June 22, 2022, Golden Path Acquisition Corporation announces to extend deadline to consummate business combination to July 24, 2022.

VStock Transfer, LLC acted as transfer agent and Advantage Proxy, Inc. acted as information agent for Golden Path. James Chang and Yang Ge of DLA Piper UK LLP Shanghai Representative Office acted as legal advisors for MC Hologram. Maples and Calder (Hong Kong) LLP served as MC's counsel as to Cayman Islands law, and Fawan Law Firm as MC's counsel as to PRC law. Bill Huo, Esq. and Brian Daughney of Becker & Poliakoff LLP acted as legal advisors for Golden Path. Shanghai PKF Certified Public Accountants Co., Ltd acted as financial advisor and due diligence provider for Golden Path. Valtech Valuation Advisory Limited provided the fairness opinion to Golden Path and will receive a fee of $75,000.