Rising Dragon Acquisition Corp.

Rising Dragon Acquisition Corp. announced that its shareholders approved an extension of the business combination period to October 15, 2027, allowing for up to 15 additional one-month extensions. This approval was granted at an Extraordinary General Meeting held on May 28, 2026, where amendments to the Investment Management Trust Agreement and the company's articles of association were also passed. In connection with the vote, 1,903,823 ordinary shares were tendered for redemption, and the company will pay a Monthly Extension Fee of $75,828.46 for each one-month extension.

Rising Dragon Acquisition Corp. issued two unsecured promissory notes, each for $50,000, to its sponsor Aurora Beacon LLC and SZG Limited, a designee of its merger counterparty. The total proceeds of $100,000 have been deposited into the company's trust account to extend the deadline for completing its initial business combination until June 15, 2026. The notes are non-interest bearing and are convertible into company units at $10.00 per unit.

Rising Dragon Acquisition Corp. (RDAC) extended its business combination deadline to May 15, 2026, through additional deposits into its Trust Account via promissory notes. The company is pursuing a merger with HZJL Cayman Limited for an aggregate consideration of $350 million. RDAC reported a net income of $211,963 for Q1 2026, a decrease from $453,867 in Q1 2025, and disclosed substantial doubt about its ability to continue as a going concern if the business combination is not completed by the deadline.

Rising Dragon Acquisition Corp. (RDAC) will hold an Extraordinary General Meeting on May 28, 2026, to vote on proposals to extend the deadline for completing its business combination with HZJL Cayman Limited. The company seeks to amend its charter and trust agreement to extend the combination period from July 15, 2026, to October 15, 2027, allowing for up to 15 additional one-month extensions, each requiring a monthly deposit into the Trust Account by the sponsor. Shareholders have redemption rights, with the redemption price at approximately $10.63 per share, significantly higher than the market price of $7.63 on May 7, 2026.