DirectBooking ends China Wangmao share purchase

DirectBooking Technology Co., Ltd. reports that it has terminated a previously agreed acquisition of a minority stake in China Wangmao Liquor Industry Group Co., Limited.

Rhea-AI Filing Summary

DirectBooking Technology Co., Ltd. reports that it has terminated a previously agreed acquisition of a minority stake in China Wangmao Liquor Industry Group Co., Limited. The company had entered into a Memorandum of Understanding on August 18, 2025 and, pursuant to it, a securities purchase agreement to acquire 49% of China Wangmao’s total issued shares for a purchase price of approximately US$12.7 million, which was paid in or about December 2025. Because of commercial considerations and unforeseen events, DirectBooking did not receive any China Wangmao shares, and the parties agreed to terminate the purchase agreement. DirectBooking delivered a written termination notice dated August 11, 2026, and China Wangmao agreed, as a goodwill measure, to pay interest on the purchase price at an annual rate of 5.25% for the period it held the funds.

Key Figures

Planned equity stake: 49% of total issued shares Purchase price: approximately US$12.7 million Interest rate on purchase price: 5.25% per annum +2 more

5 metrics

Planned equity stake 49% of total issued shares Stake in China Wangmao under the November 11, 2025 securities purchase agreement

Purchase price approximately US$12.7 million Amount paid by DirectBooking in or about December 2025 for the planned 49% stake

Interest rate on purchase price 5.25% per annum Annual interest China Wangmao agreed to pay on the purchase price while holding the funds

MOU date August 18, 2025 Date of the Memorandum of Understanding that led to the securities purchase agreement

SPA termination notice date August 11, 2026 Date of DirectBooking’s written notice terminating the securities purchase agreement

Key Terms

Memorandum of Understanding, securities purchase agreement, purchase price, interest on the purchase price

4 terms

Memorandum of Understanding regulatory

"the Company entered into a Memorandum of Understanding (the “MOU”), dated August 18, 2025"

A memorandum of understanding (MOU) is a formal agreement between two or more parties that outlines their shared intentions and plans to work together. It acts like a handshake in writing, clarifying each side’s roles and expectations before any official contract is signed. For investors, an MOU signals that parties are serious about collaboration, which can influence future business opportunities and potential growth.

securities purchase agreement financial

"the Company entered into a securities purchase agreement (the “SPA”) for the purchase of 49%"

A securities purchase agreement is a written contract between a buyer and a seller outlining the terms for buying or selling financial assets such as stocks or bonds. It specifies details like the price, quantity, and conditions of the transaction, similar to a shopping list with agreed-upon terms. For investors, it provides clarity and legal protection when transferring ownership of these financial instruments.

purchase price financial

"The Company paid the purchase price of approximately US$12.7 million in or about December 2025"

The purchase price is the amount of money paid to acquire an asset—such as shares, a business, real estate, or equipment. It matters to investors because it sets the baseline for future profit, loss, taxes and accounting values; think of it like the price you pay for a used car, which determines your potential resale gain or loss. Investors compare purchase price to expected future cash flows and market values to judge whether an investment is a good deal.

interest on the purchase price financial

"China Wangmao has agreed to compensate the Company by paying interest on the purchase price at an annual rate of 5.25%"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did DirectBooking Technology (ZDAI) disclose in this Form 6-K?

DirectBooking Technology Co., Ltd. disclosed that it has terminated its securities purchase agreement to acquire 49% of China Wangmao Liquor Industry Group Co., Limited and agreed related interest compensation terms with China Wangmao.

What stake in China Wangmao was DirectBooking (ZDAI) planning to acquire?

DirectBooking had agreed to purchase 49% of the total issued shares of China Wangmao Liquor Industry Group Co., Limited under a securities purchase agreement entered into on November 11, 2025, following an earlier memorandum of understanding.

How much had DirectBooking (ZDAI) paid for the China Wangmao shares?

DirectBooking paid a purchase price of approximately US$12.7 million in or about December 2025 under the securities purchase agreement to acquire 49% of China Wangmao’s total issued shares.

Why was the China Wangmao share purchase by DirectBooking (ZDAI) terminated?

The share purchase agreement was terminated because, due to commercial considerations and unforeseen events, DirectBooking had not received any China Wangmao shares. The parties subsequently agreed, after friendly negotiations, to end the agreement.

What compensation will DirectBooking (ZDAI) receive after terminating the China Wangmao deal?

China Wangmao agreed, in a spirit of goodwill, to pay DirectBooking interest at an annual rate of 5.25% on the approximately US$12.7 million purchase price for the period during which China Wangmao held the funds.

When did DirectBooking (ZDAI) formally terminate the securities purchase agreement?

DirectBooking delivered a written termination notice dated August 11, 2026 to China Wangmao, in accordance with the terms and conditions of the securities purchase agreement governing the proposed 49% stake purchase.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 08/11/2026 - 03:00 PM EDT Learn about SEC filing dates

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of August 2026

Commission File Number: 001-42181

DirectBooking Technology Co., Ltd.

(Registrant’s Name)

Room 2912, 29/F., New Tech Plaza

34 Tai Yau Street

San Po Kong

Kowloon, Hong Kong

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☒ Form 40-F ☐

INFORMATION CONTAINED IN THIS FORM 6-K REPORT

Termination of Previous Memorandum of Understanding and Security Purchase Agreement

As DirectBooking Technology Co., Ltd. (the “Company”) previously reported in a Current Report on Form 6-K filed with the U.S. Securities and Exchange Commission on August 19, 2025, the Company entered into a Memorandum of Understanding (the “MOU”), dated August 18, 2025. Pursuant to the MOU, on November 11, 2025, the Company entered into a securities purchase agreement (the “SPA”) for the purchase of 49% of the total issued shares of China Wangmao Liquor Industry Group Co., Limited (“China Wangmao”). The Company paid the purchase price of approximately US$12.7 million in or about December 2025 in accordance with the terms of the SPA. However, due to commercial considerations and unforeseen events, the Company has not yet received any shares of China Wangmao.

Following friendly negotiations, the Company and China Wangmao have agreed to terminate the SPA. The Company delivered a written notice of termination of the SPA, dated August 11, 2026, to China Wangmao pursuant to the terms and conditions thereof. In a spirit of goodwill, China Wangmao has agreed to compensate the Company by paying interest on the purchase price at an annual rate of 5.25% for the period during which it held the purchase price.

EXHIBIT INDEX

Exhibit		Description
10.1		Termination Notice dated August 11, 2026

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	DIRECTBOOKING TECHNOLOGY CO., LTD.
Date: August 11, 2026	By:	/s/ Tan Yu
	Name:	Tan Yu
	Title:	Chief Executive Officer, Chairman of the Board and Director

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Filing Exhibits & Attachments

1 document

Agreements & Contracts

• EX-10.1 EX-10.1 8.5 KB