Baiya International Group Sells Juxing Investment Group for $2 Million

Baiya International Group Inc. entered into a share purchase agreement on June 8, 2026 to sell 100% equity interest in its wholly-owned subsidiary Juxing Investment Group (Hong Kong) Limited to Shengshi International Group Inc. for $2 million. Juxing controls Shenzhen Gongwuyuan Network Technology Co., Ltd through variable interest entities (VIEs) in China. The transaction involves a three-year payment schedule: $600,000 in the first year, $600,000 in the second year, and $800,000 in the third year. The sale was approved by Baiya's board of directors, which had received a general mandate from shareholders at an extraordinary general meeting on February 9, 2026. Closing is expected within a month but subject to customary conditions. The agreement includes detailed representations, warranties, and arbitration provisions governed by New York law.