Glamourous Group Holding Limited entered into share purchased agreement to acquire Luduson G Inc. for approximately $160 million in a reverse merger transaction.

Glamourous Group Holding Limited (GGHI) entered into share purchased agreement to acquire Luduson G Inc. (OTCPK:LDSN) for approximately $160 million in a reverse merger transaction on May 24, 2023. Subject to the Arrangement, the Company has agreed to acquire all of the outstanding capital stock of Glamourous Group in exchange for shares of the Company?s common stock, par value $0.0001 (the ?Common Stock?). Pursuant to the Arrangement, the Board agrees to increase the authorized capital to 1,000,000,000 shares, and authorize an aggregate of 320,000,000 shares of the Common Stock to acquire Glamourous Group.

320,000,000 common shares will be issued as consideration to Ho Chi Wan, the sole shareholder of GGHI.