DirectBooking Technology Co., Ltd.

DirectBooking Technology Co., Ltd. has terminated its Securities Purchase Agreement (SPA) to acquire a 49% stake in China Wangmao Liquor Industry Group Co., Limited. The company had previously paid approximately US$12.7 million for the shares in December 2025 but had not received them due to commercial considerations and unforeseen events. Following negotiations, China Wangmao has agreed to compensate DirectBooking by paying 5.25% annual interest on the purchase price for the period it was held.

DirectBooking Technology Co., Ltd. announced a strategic partnership to establish a new technology company focused on building China's first natively Agent-to-Agent, fully integrated AI direct-booking platform for the hospitality sector. The new venture will be chaired and led by Mr. Li Daxue, a prominent technology leader, aiming to address structural pain points in China's trillion-yuan travel market. This collaboration is expected to significantly enhance DirectBooking Technology's capabilities, expand its market reach, and position it as a leader in AI-driven travel solutions.

DirectBooking Technology Co., Ltd. announced a strategic joint venture with Beijing DeepYou Digital Technology Co., Ltd. DirectBooking will hold a 51% equity stake, with DeepYou holding 49%. The new company will develop China's first natively Agent-to-Agent, fully integrated AI direct-booking platform for the hospitality sector, targeting the trillion-yuan market. Mr. Li Daxue, former JD.com Senior Vice President, will chair and lead the joint venture, bringing significant technological expertise. This partnership is expected to enhance DirectBooking's technology capabilities, expand its market reach, and establish a leading position in the industry.

DirectBooking Technology Co., Ltd. announced the appointment of Mr. Zhu Xincheng, an independent director, to key board committees. Effective April 29, 2026, Mr. Zhu will serve as the chairperson of the compensation committee and as a member of both the audit committee and the nominating and corporate governance committee. Mr. Zhu has been an independent director since November 21, 2025.