{"id":1016579,"date":"2026-11-03T06:07:53","date_gmt":"2026-11-03T11:07:53","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/rising-dragon-acquisition-corp-and-hzjl-cayman-limited-announce-mutual-termination-of-merger-agreement\/"},"modified":"2026-11-03T06:07:53","modified_gmt":"2026-11-03T11:07:53","slug":"rising-dragon-acquisition-corp-and-hzjl-cayman-limited-announce-mutual-termination-of-merger-agreement","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/rising-dragon-acquisition-corp-and-hzjl-cayman-limited-announce-mutual-termination-of-merger-agreement\/","title":{"rendered":"Rising Dragon Acquisition Corp. and HZJL Cayman Limited Announce Mutual Termination of Merger Agreement"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"center\">\n        <i>Rising Dragon to continue to pursue an initial business combination<\/i>\n      <\/p>\n<p align=\"justify\">\n        <b>Taiyuan, China, Nov.  03, 2026  (GLOBE NEWSWIRE) &#8212;  <\/b>Rising Dragon Acquisition Corp. (Nasdaq: RDAC, RDACU, RDACR) (\u201cRising Dragon\u201d or the \u201cCompany\u201d), a special purpose acquisition company, today announced that it and HZJL Cayman Limited (\u201cHZJL\u201d) have mutually agreed, effective as of October 30, 2026, to terminate the Agreement and Plan of Merger, dated January 27, 2025 (the \u201cMerger Agreement\u201d), by and among the Company, Xpand Boom Technology Inc., Xpand Boom Solutions Inc., HZJL, XB B Limited and Bin Xiong.<\/p>\n<p align=\"justify\">The termination was approved by the boards of directors of Rising Dragon and HZJL. Under the terms of the termination agreement dated October 30, 2026 (the \u201cTermination Agreement\u201d), no party is required to pay a termination fee to any other party, and the parties have agreed to mutually release each other from claims relating to the Merger Agreement and the transactions contemplated thereby, subject to certain exceptions.<\/p>\n<p align=\"justify\">Rising Dragon intends to continue to pursue the consummation of an initial business combination with an appropriate target business within the time period permitted under its amended and restated memorandum and articles of association.<\/p>\n<p align=\"justify\">Additional information regarding the termination of the Merger Agreement is included in a Current Report on Form 8-K to be filed by Rising Dragon with the U.S. Securities and Exchange Commission (the \u201cSEC\u201d).<\/p>\n<p>\n        <b>About Rising Dragon Acquisition Corp.<\/b>\n      <\/p>\n<p align=\"justify\">Rising Dragon Acquisition Corp. is a blank check company incorporated as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company completed its initial public offering pursuant to a prospectus dated October 10, 2024.<\/p>\n<p>\n        <b>Forward-Looking Statements<\/b>\n      <\/p>\n<p align=\"justify\">This press release contains certain \u201cforward-looking statements\u201d within the meaning of the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended, including statements regarding Rising Dragon\u2019s intention to pursue an initial business combination. The words \u201cexpect,\u201d \u201cbelieve,\u201d \u201cestimate,\u201d \u201cintend,\u201d \u201cplan\u201d and similar expressions indicate forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to various risks and uncertainties, including Rising Dragon\u2019s ability to identify a suitable target and complete an initial business combination within the time required by its governing documents, and the other risks and uncertainties described in Rising Dragon\u2019s filings with the SEC, including its initial public offering prospectus dated October 10, 2024, its Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q. Should one or more of these risks or uncertainties materialize, actual results may vary materially from those indicated or anticipated. Forward-looking statements speak only as of the date they are made, and Rising Dragon undertakes no obligation to update them except as required by law.<\/p>\n<p>\n        <b>Contact<\/b>\n      <\/p>\n<p>Rising Dragon Acquisition Corp.<br \/>Woody Shen, Chief Financial Officer<br \/>No. 604, Yixing Road, Wanbolin District, Taiyuan City, Shanxi Province, People\u2019s Republic of China 030024<br \/>Tel: +86 18817777987<br \/>Email:\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=OXlpzo_ARYrzpIEFnrBEDD8eZNGd2phDqe_gvArSOWZBWG5051efONoAjuAhCCYpsywERNGmbIqsc7PexiQWDn6-asH8udi9drZxnFQTmj7Zw-bjHlHtmyvf5pAoaYvE\" rel=\"nofollow\" target=\"_blank\">woody.shen@hywincapital.cn<\/a><\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTg2ODg4OSM3OTQyMTA5IzUwMDEyODkyNQ==\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/N2YxZDU5YmEtYTFmYS00MDBmLThjOGYtYzkzODcyMzk2ZmI5LTUwMDEyODkyNS0yMDI2LTExLTAzLWVu\/tiny\/Rising-Dragon-Acquisition-Corp.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Rising Dragon to continue to pursue an initial business combination Taiyuan, China, Nov. 03, 2026 (GLOBE NEWSWIRE) &#8212; Rising Dragon Acquisition Corp. (Nasdaq: RDAC, RDACU, RDACR) (\u201cRising Dragon\u201d or the \u201cCompany\u201d), a special purpose acquisition company, today announced that it and HZJL Cayman Limited (\u201cHZJL\u201d) have mutually agreed, effective as of October 30, 2026, to terminate the Agreement and Plan of Merger, dated January 27, 2025 (the \u201cMerger Agreement\u201d), by and among the Company, Xpand Boom Technology Inc., Xpand Boom Solutions Inc., HZJL, XB B Limited and Bin Xiong. The termination was approved by the boards of directors of Rising Dragon and HZJL. Under the terms of the termination agreement dated October 30, 2026 (the \u201cTermination Agreement\u201d), no party is &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/rising-dragon-acquisition-corp-and-hzjl-cayman-limited-announce-mutual-termination-of-merger-agreement\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Rising Dragon Acquisition Corp. and HZJL Cayman Limited Announce Mutual Termination of Merger Agreement&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-1016579","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Rising Dragon Acquisition Corp. and HZJL Cayman Limited Announce Mutual Termination of Merger Agreement - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/rising-dragon-acquisition-corp-and-hzjl-cayman-limited-announce-mutual-termination-of-merger-agreement\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rising Dragon Acquisition Corp. and HZJL Cayman Limited Announce Mutual Termination of Merger Agreement - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Rising Dragon to continue to pursue an initial business combination Taiyuan, China, Nov. 03, 2026 (GLOBE NEWSWIRE) &#8212; Rising Dragon Acquisition Corp. (Nasdaq: RDAC, RDACU, RDACR) (\u201cRising Dragon\u201d or the \u201cCompany\u201d), a special purpose acquisition company, today announced that it and HZJL Cayman Limited (\u201cHZJL\u201d) have mutually agreed, effective as of October 30, 2026, to terminate the Agreement and Plan of Merger, dated January 27, 2025 (the \u201cMerger Agreement\u201d), by and among the Company, Xpand Boom Technology Inc., Xpand Boom Solutions Inc., HZJL, XB B Limited and Bin Xiong. The termination was approved by the boards of directors of Rising Dragon and HZJL. Under the terms of the termination agreement dated October 30, 2026 (the \u201cTermination Agreement\u201d), no party is &hellip; Continue reading &quot;Rising Dragon Acquisition Corp. and HZJL Cayman Limited Announce Mutual Termination of Merger Agreement&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/rising-dragon-acquisition-corp-and-hzjl-cayman-limited-announce-mutual-termination-of-merger-agreement\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2026-11-03T11:07:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTg2ODg4OSM3OTQyMTA5IzUwMDEyODkyNQ==\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rising-dragon-acquisition-corp-and-hzjl-cayman-limited-announce-mutual-termination-of-merger-agreement\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rising-dragon-acquisition-corp-and-hzjl-cayman-limited-announce-mutual-termination-of-merger-agreement\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Rising Dragon Acquisition Corp. and HZJL Cayman Limited Announce Mutual Termination of Merger Agreement\",\"datePublished\":\"2026-11-03T11:07:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rising-dragon-acquisition-corp-and-hzjl-cayman-limited-announce-mutual-termination-of-merger-agreement\\\/\"},\"wordCount\":491,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rising-dragon-acquisition-corp-and-hzjl-cayman-limited-announce-mutual-termination-of-merger-agreement\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTg2ODg4OSM3OTQyMTA5IzUwMDEyODkyNQ==\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rising-dragon-acquisition-corp-and-hzjl-cayman-limited-announce-mutual-termination-of-merger-agreement\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rising-dragon-acquisition-corp-and-hzjl-cayman-limited-announce-mutual-termination-of-merger-agreement\\\/\",\"name\":\"Rising Dragon Acquisition Corp. and HZJL Cayman Limited Announce Mutual Termination of Merger Agreement - 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(Nasdaq: RDAC, RDACU, RDACR) (\u201cRising Dragon\u201d or the \u201cCompany\u201d), a special purpose acquisition company, today announced that it and HZJL Cayman Limited (\u201cHZJL\u201d) have mutually agreed, effective as of October 30, 2026, to terminate the Agreement and Plan of Merger, dated January 27, 2025 (the \u201cMerger Agreement\u201d), by and among the Company, Xpand Boom Technology Inc., Xpand Boom Solutions Inc., HZJL, XB B Limited and Bin Xiong. The termination was approved by the boards of directors of Rising Dragon and HZJL. 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