Jiangsu Easypark Signs Definitive Agreement to Acquire China Senior Living Industry International Holding Corporation (OTC:CHYL)
Rhea-AI Summary
Jiangsu Easypark Intelligent Technology, a provider of smart parking and NEV charging infrastructure, has signed a definitive agreement to acquire China Senior Living Industry International Holding Corporation (OTC:CHYL). The agreement, signed on July 29, 2025, marks a strategic move to expand Jiangsu Easypark's global presence and access U.S. capital markets.
Post-acquisition, Jiangsu Easypark plans to consolidate its core assets into CHYL, with Mr. Jin Weiming set to become CEO of the combined entity. The transaction is pending customary approvals and closing procedures.
Positive
- Strategic access to U.S. capital markets through OTC listing
- Expansion of global footprint for smart mobility solutions
- Consolidation of core assets to strengthen market position
- Enhanced capability to capitalize on smart city infrastructure demand
Negative
- Transaction subject to regulatory approvals and closing conditions
- Integration risks between two different business models
- Potential operational challenges during post-merger consolidation
NANJING, CN / ACCESS Newswire / August 1, 2025 / Jiangsu Easypark Intelligent Technology Co., Ltd., a leading provider of smart parking and new energy vehicle (NEV) charging infrastructure, today announced that it has entered into a definitive agreement to acquire China Senior Living Industry International Holding Corporation (OTC PINK:CHYL). The agreement was signed on July 29, 2025, with Mr. Jin Weiming representing Jiangsu Easypark.
This strategic transaction represents a key milestone in Jiangsu Easypark's global growth strategy, offering the company a platform to expand its international footprint, access U.S. capital markets, and accelerate deployment of its intelligent mobility solutions worldwide.
"The acquisition of CHYL underscores our commitment to innovation, sustainability, and long-term value creation," said Mr. Jin Weiming. "We are excited about the opportunities ahead as we integrate our operations and align our vision for a smarter, cleaner transportation future."
The acquisition is currently undergoing standard closing procedures and is subject to customary approvals. Upon completion, Jiangsu Easypark intends to consolidate its core assets into CHYL, creating a strengthened entity well-positioned to capitalize on growing global demand for smart city infrastructure.
As part of the post-transaction integration plan, CHYL's board of directors will be restructured. Mr. Jin Weiming is expected to be appointed as Chief Executive Officer, assuming full executive leadership of the combined company.
About Jiangsu Easypark Intelligent Technology Co., Ltd.
Jiangsu Easypark is a technology-driven enterprise specializing in the development, construction, and operation of intelligent parking systems and NEV charging networks. The company serves a growing portfolio of municipalities, commercial centers, and transportation hubs throughout China, with a strategic focus on enabling smart mobility in urban environments.
Contact
Richard Chiang
rchiang8@gmail.com
SOURCE: China Senior Living Industry International Holding Corp.
View the original press release on ACCESS Newswire
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