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JZXN Announces Talks with an AI Trading Firm for Cooperation; Plans to Acquire Approximately $1 Billion in Tokens at a 30% Discount, Which Would Generate Considerable Book Gains Upon Completion, With the Tokens Scheduled to Be Listed on Binance Soon

JZXN
  • Jiuzi Holdings, Inc. (Nasdaq: JZXN) announced strategic cooperation discussions with a Web3 technology company specializing in an AI cryptocurrency trading platform.
  • The parties plan to jointly develop & promote an AI-powered cryptocurrency diagnostics & trading platform.
  • JZXN intends to acquire Counterparty tokens at a significant discount via a private placement of common stock valued at approximately US$1 billion.
  • The Company expects considerable unrealized gains upon successful completion of the transaction based on current market valuations.
  • The Counterparty's tokens may apply for listing on Binance, though no assurance is provided regarding success, timing, or performance.
  • The partnership aims to integrate AI technology, cryptocurrency trading expertise, & Web3 resources to advance market trend analysis, risk identification, & intelligent trading engines.
  • The Company believes the cooperation could strengthen its technological reserves & create new medium-to-long-term business opportunities if finalized.
  • The matter remains subject to ongoing negotiations, with material uncertainties regarding the signing of a binding agreement or the completion of the private placement.
  • JZXN will comply with all applicable laws, regulations, & supervisory requirements while fulfilling information disclosure obligations.
  • Separate announcements will be issued regarding specific issuance plans, definitive agreement signings, or other important progress updates.