Starstream Entertainment Inc. Announces Signing of LOI for the Proposed Acquisition of CityWalk e-Bike Inc., a China Focused Urban Mobility Company

Rhea-AI Summary

Starstream Entertainment (OTCID:SSET) announced a signed non-binding Letter of Intent (LOI) dated Dec 18, 2025 to pursue the proposed acquisition of CityWalk e-Bike Inc., a China-based electric bicycle company.

The proposed deal is subject to due diligence, definitive agreements, and regulatory, corporate and shareholder approvals. The company cautioned there is no assurance a definitive agreement or closing will occur and said it will provide updates as discussions and milestones progress.

LAS VEGAS, Dec. 18, 2025 (GLOBE NEWSWIRE) -- Starstream Entertainment Inc.

(OTCID:SSET) today announced it has signed a non-binding Letter of Intent (LOI) to pursue the proposed acquisition of CityWalk e-Bike Inc., a China-based electric bicycle company.

The proposed transaction is subject to customary conditions, including completion of due diligence, negotiation and execution of definitive documentation, and any applicable regulatory, corporate, and shareholder approvals. There can be no assurance that a definitive agreement will be reached or that the proposed transaction will be completed.

“We believe this LOI is an important step in evaluating a strategic opportunity that may strengthen Starstream’s operating platform and create long-term shareholder value,” said Mr. Ding Zhao, CEO of Starstream Entertainment Inc.

SSET will provide additional updates as appropriate as discussions progress and milestones are achieved, while maintaining full regulatory compliance throughout the process.

About Starstream Entertainment Inc.

Starstream Entertainment Inc. is a Nevada-based public company listed on the OTC Markets. Historically focused on entertainment development and production, the company is refocusing its business strategy to evaluate broader commercial initiatives and strengthen long-term shareholder value.

About CityWalk e-Bike Inc.

CityWalk e-Bike Inc., a China focused company, in the Electric and Hydrogen powered e-Bike Sector and related mobility products and services.

www.CityWalkeBike.com

Contact:

CEO

Mr. Ding Zhao

ding@CityWalkeBike.com

Forward-Looking Statements (Safe Harbor)

This press release contains forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially. The company disclaims any obligation to update such statements except as required by law.

FAQ

What did Starstream (SSET) announce on December 18, 2025 about CityWalk e-Bike?

Starstream announced it signed a non-binding LOI to pursue the proposed acquisition of CityWalk e-Bike, a China-based e-bike company.

Is the Starstream (SSET) acquisition of CityWalk e-Bike finalized?

No. The LOI is non-binding and the transaction is subject to due diligence, definitive documentation and approvals, so there is no assurance it will close.

What approvals does Starstream (SSET) say are required to complete the CityWalk e-Bike deal?

The company said completion requires customary due diligence, negotiation and execution of definitive agreements, and any applicable regulatory, corporate and shareholder approvals.

How will Starstream (SSET) update investors about the CityWalk e-Bike acquisition process?

Starstream said it will provide additional updates as discussions progress and milestones are achieved while maintaining regulatory compliance.

Does the LOI for CityWalk e-Bike guarantee shareholder value for Starstream (SSET)?

The company stated it believes the LOI may strengthen its operating platform and create long-term shareholder value, but offered no guarantees.