Rise education cayman ltd enters into a definitive merger agreement with dada auto inc., an innovative technology solutions provider to china's electric vehicle charging market

Beijing, feb. 8, 2022 /prnewswire/ -- rise education cayman ltd (nasdaq: redu) (the "company") and data auto inc. ("naas"), a leading operation and technology provider serving china's electric vehicle ("ev") charging market, today announced that they have entered into a definitive agreement and plan of merger (the "merger agreement"), pursuant to which the shareholders of naas will exchange all of the issued and outstanding share capital of naas for newly issued shares of the company on the terms and conditions set forth therein in a transaction exempt from the registration requirements under the securities act of 1933 (the "transaction"). upon consummation of the transaction, naas will become a wholly-owned subsidiary of the company.
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