QMD International Holdings Company Ltd.: QMD Announces the Acquisition of He Yan Company

Hong Kong, SAR PR of China, March 02, 2023 (pta017/02.03.2023/10:45 UTC+1)

QMD International Holdings Company Limited (JT9; ISIN: VGG3223A1057) today announces a strategic realignment of the company with the acquisition of He Yan Company Limited. He Yan Company Limited's sole asset is an 80% ownership in a data center located in Laos PDR. This property is deployed as a server farm for mining cryptocurrencies. The asset, priced at EUR 20 million, was acquired from a company controlled by Mr. He Yan. The vendor will receive 2 million shares from existing holdings held by the company as investment and EUR 14 million of non-interest bearing, non-demand loan. Upon completion of the acquisition, the Vendor shall become a significant minority shareholder and will appoint Mr. He Yan as its representative to the Board of Directors of QMD.

(end)

Emitter:	QMD International Holdings Company Ltd. Nerine Chambers, P.O. Box 905 VG 1110 Road Town Tortola Virgin Islands, British
Contact Person:	Patrick Chan; Chairman & CEO
E-Mail:	info@qmd-international.com
Website:	qmd-international.com
ISIN(s):	VGG3223A1057 (Share)
Stock Exchange(s):	Free Market in Munich