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Transaction overview: WANG & LEE GROUP, Inc. entered an agreement to acquire the entire issued share capital of Solar (HK) Limited for HK$15,000,000, originally to be satisfied by a convertible note due March 30, 2030 convertible at 80% of the prior trading price with a floor of US$0.3.
Amendment (Aug 8, 2025): The parties amended the agreement so the consideration will be paid in cash of HK$15,000,000, the transaction will complete within 5 business days of the Amendment, and the Vendor will terminate the Notes; the Vendor did not convert any amount prior to the Amendment. See Exhibit 99.1.
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