On July 18, 2025 UYSC entered an Agreement and Plan of Merger with Isdera Group Limited, vehicle for Xinghui Automotive Technology (Hainan) auto design in the PRC, plus principal shareholders. Structure is SPAC merger into a new Purchaser then Acquisition Merger; Isdera net value set at $1,000,000,000 divided by $10.00 for Closing Payment Shares. Parent rights become Purchaser rights then cancel at Closing for one-fifth of one Purchaser Class A share each. Path requires F-4/proxy effectiveness, both shareholder approvals, CSRC approvals, Nasdaq listing of payment shares; outside date Dec 31, 2026. DA advances close-path; no redemption or trust release in this filing—cash outcome still turns on later vote redemptions.

Conversion 1/5