Inforich Inc. (TSE:9338) agreed to acquire 51% stake in Ezycharge Australasia Pty Ltd from Barwick Family Investments Pty Ltd on March 21, 2024. Post the acquisition, upon this stock acquisition, Ezycharge Australia Pty Ltd. (hereinafter referred to as EzychargeAus), a wholly owned subsidiary of Ezycharge Australasia, becomes a sub-subsidiary of our company. Ezycharge Australasia reported net worth of AUD 0.47 million, total assets of AUD 1.66 million and sales of of AUD 3.48 million in June 2023.

The parties will enter into a contract on April 2, 2024. The acquisition is expected to close on 2nd quarter of 2024.