April 3 (Reuters) - Jiuzi Holdings Inc ( JZXN ):

* JIUZI HOLDINGS ENTERS INTO A NON-BINDING LOI FOR THE

ACQUISITION

OF SHENZHEN MAIGESONG

* JIUZI HOLDINGS INC ( JZXN ): SHALL INVEST RMB 30 MILLION TO FUND

CONSTRUCTION OF SHENZHEN MAIGESONG'S RECHARGEABLE LITHIUM

BATTERY PRODUCTION LINE

* JIUZI HOLDINGS ( JZXN ): SHALL INVEST RMB 30 MILLION TO FUND

CONSTRUCTION

OF SHENZHEN MAIGESONG'S RECHARGEABLE LITHIUM BATTERY PRODUCTION

LINE

* JIUZI HOLDINGS INC ( JZXN ) - UNDER LOI, SHENZHEN JIUZI TO ACQUIRE

100%

OF EQUITY OF SHENZHEN MAIGESONG FOR CERTAIN RESTRICTED SHARE

COMPENSATION OF CO

* JIUZI HOLDINGS ( JZXN )- LOI INCLUDES EARNOUT PROVISION WHICH

PROVIDES

THAT SHENZHEN MAIGESONG SHALL ACHIEVE REVENUE TARGET OF RMB

119.81 MILLION BY END OF DEC 2025

* JIUZI HOLDINGS-LOI INCLUDES EARNOUT PROVISION WHICH

PROVIDES

THAT SHENZHEN MAIGESONG SHALL ACHIEVE REVENUE TARGET OF RMB

504.22 MILLION BY END OF DEC 2026

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