Starcrest Education The Belt & Road Limited (LSE:OBOR) has signed a non-legally binding heads of terms to acquire 80% stake in National Training Company Limited on August 6, 2021. Under the Heads of Terms, the Company has agreed to put options to require it to purchase the remaining 20% of the issued share capital of the Target. The Proposed Transaction is subject to the agreement and signature by the parties to a legally binding share purchase agreement. Transaction is subject to legal and financial due diligence. If the Proposed Transaction is successful, it will amount to a reverse takeover under the Listing Rules. Starcrest Education The Belt & Road Limited (LSE:OBOR) cancelled the acquisition of 80% stake in National Training Company Limited on December 10, 2021. Due to current market conditions, Starcrest Education The Belt & Road Limited is no longer able to proceed with the reverse takeover.