BGM Group Ltd has successfully completed the acquisition of Wonder Dragon Global Limited, as announced on May 16, 2025. This transaction involves BGM acquiring 100% equity interest in the Target Company, which includes Yang Lou Dong International Limited Management Company Limited. The acquisition was finalized with the issuance of 38,165,290 Class A ordinary shares at a price of $2.0 per share, now held by the Seller. This represents approximately 20.75% of BGM's total issued and outstanding shares. The acquisition enhances BGM's portfolio with over 3,000 metric tons of premium Qingzhuan dark tea, supporting the company's strategy to expand its medicinal tea product line.
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