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SportsQuest, Inc Forms Off Shore Branch an SPV Company Ahead of China AI Merger - Off Shore Belize Huaying Online Film Co., Ltd.

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SportsQuest, Inc (SPQS) announces the final stages of a merger with Huaying Online Film Co., , aiming to revolutionize the online film industry. The merger will diversify SportsQuest's portfolio and expand its presence in digital entertainment, with a strong leadership team driving the company towards new heights.
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West Palm Beach, Florida--(Newsfile Corp. - April 10, 2024) - SportsQuest, Inc (OTC Pink: SPQS) www.sports-quest.co is proud to announce that the long-anticipated merger with Huaying Online Film Co., Ltd. has entered its final stages, marking a significant milestone in the company's strategic growth plan. This merger will see the incorporation of Huaying Online Film Co., Ltd. under the SportsQuest umbrella, further diversifying the company's portfolio and expanding its presence in the digital entertainment sector.

The newly formed subsidiary, Huaying Online Film Co., Ltd., is set to revolutionize the online film industry with its innovative approach and cutting-edge technology. Leveraging SportsQuest's expertise and resources, Huaying Online Film Co., Ltd. aims to deliver unparalleled entertainment experiences to audiences worldwide.

As part of the merger agreement, the corporate structure of Huaying Online Film Co., Ltd. has been finalized as follows:

President: Jinbiao Wang – Jinbiao Wang brings a wealth of experience and leadership to his role as President of Huaying Online Film Co., Ltd. With a deep understanding of the industry and a proven track record of success, Wang is poised to drive the company towards new heights.

Secretary: Lirong Lai – Lirong Lai will serve as Secretary of Huaying Online Film Co., Ltd., overseeing administrative functions and ensuring compliance with regulatory requirements. Lai's attention to detail and organizational skills make her an invaluable asset to the company.

Treasurer: Qianjin Qin – Qianjin Qin will assume the role of Treasurer, responsible for managing the company's finances and ensuring fiscal responsibility. With a keen eye for financial strategy, Qin will play a crucial role in guiding Huaying Online Film Co., Ltd. towards sustainable growth.

Director: Yiyuan Cao – Yiyuan Cao, a shareholder of 51%, will serve as Director of Huaying Online Film Co., Ltd. With a majority ownership stake, Cao will play a pivotal role in shaping the company's strategic direction and vision for the future.

"We are thrilled to announce the finalization of our merger with Huaying Online Film Co., Ltd.," said the spokesperson of SportsQuest, Inc adding, "This strategic partnership represents a significant opportunity for SportsQuest to expand into the AI film industry and deliver innovative entertainment solutions to consumers worldwide. With a strong leadership team in place, we are confident that Huaying Online Film Co., Ltd. will achieve great success under the SportsQuest umbrella."

The merger with Huaying Online Film Co., Ltd. is subject to customary closing terms. Upon completion of the merger, SportsQuest, Inc. will provide further updates regarding the integration of Huaying Online Film Co., Ltd. into its operations.

For more information about SportsQuest, Inc. and its subsidiaries, please visit

https://huayicinemas.net/.

More details will follow shortly.

About SportsQuest, Inc.:

Sports and entertainment hospitality company. In the USA the Company developed and maintains a franchise portal for both front and back-office end users. The Company is in the process of amalgamation with a Mainland China-based theater (cinema) operator with a chain of corporately owned and franchised locations. China-based targeted Business: Shenzhen Huayi Excellent Cinemas Co., Ltd. (Huayi) Huayi is a cultural and high-tech enterprise that leads the operation of cinema chains, with advanced AI system technology at the core. We accurately manage the resources and data traffic of chain cinemas through the self-developed mega-model in many mainland China Cities and Cinemas. We shape a uniquely influential cinema chain brand, integrating advanced AI technology and Big Data intelligence, extending from the industry chain cinema business to the intelligent management of cinema data traffic, comprehensively covering the film industry chain, bringing unique innovation and transformative power to the industry.

Disclosure:

Information in this news release may contain statements about future expectations, plans, prospects or performance of SPQS that constitute forward-looking statements for purposes of the Safe Harbor Provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be", "expects", "may affect", "believed", "estimate", "project" and similar words and phrases are intended to identify such forward-looking statements. SPQS caution you that any forward-looking information provided by or on behalf of SPQS are not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind SPQS actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond SPQS control. In addition to those discussed in SPQS press releases, public filings, and statements by SPQS management, including, but not limited to, SPQS' estimate of the sufficiency of its existing capital resources, SPQS ability to raise additional capital to fund future operations, SPQS ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match SPQS capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. SPQS does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.

SPQS Management

Contact info:
Twitter @SpqsOtc
Phone: +1 561 631 9221
Email: ir@sports-quest.co
Web: https://sports-quest.co

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/204858

FAQ

What is the ticker symbol for SportsQuest, Inc.?

The ticker symbol for SportsQuest, Inc. is SPQS.

What is the strategic growth plan of SportsQuest, Inc. with the merger?

The merger with Huaying Online Film Co., aims to diversify SportsQuest's portfolio and expand its presence in the digital entertainment sector.

Who is the President of Huaying Online Film Co., after the merger?

Jinbiao Wang is the President of Huaying Online Film Co., after the merger.

What role does Lirong Lai play in Huaying Online Film Co., ?

Lirong Lai serves as the Secretary of Huaying Online Film Co., , overseeing administrative functions and ensuring compliance with regulatory requirements.

What responsibilities does Qianjin Qin have in Huaying Online Film Co., ?

Qianjin Qin is responsible for managing the finances of Huaying Online Film Co., as the Treasurer.

Who is the Director of Huaying Online Film Co., ?

Yiyuan Cao, with a majority ownership stake of 51%, serves as the Director of Huaying Online Film Co.,

What is the significance of the merger with Huaying Online Film Co., for SportsQuest, Inc.?

The merger represents a significant opportunity for SportsQuest to expand into the AI film industry and deliver innovative entertainment solutions worldwide.

What are the next steps after the completion of the merger with Huaying Online Film Co., ?

Upon completion of the merger, SportsQuest, Inc. will provide further updates regarding the integration of Huaying Online Film Co., into its operations.

SportsQuest, Inc.

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About SPQS

sportsquest is a sports and family entertainment campus that will be located on a 250 acre campus located in chesterfield county at the intersection of route 288 and powhite parkway. sportsquest will include sports programming for recreational enjoyment, youth development, and high performance athletes in 20 olympic amateur sports. our mission: provide our members a better quality of life through sports. earn our member's loyalty by delivering an exceptional experience every day and maintaining a secure, fun, healthy and entertaining family environment. our vision: sportsquest will be a destination where individuals and families satisfy their sports, fitness and entertainment needs. become a model for olympic training and sports performance development through constant innovation in high performance programming. our values: family sports for life health through sports character through leadership and commitment