Announcement to Applicants in relation to fusang corps deferment of its proposed initial public offering amidst escalating-global-uncertainties. We, Fusang Corp (“Company”), announce that we are deferring our proposed initial public offering (“Proposed IPO”), which closing was scheduled on 29 March 2022 and listing on the Fusang Exchange Ltd (“Fusang Exchange”) on 31 March 2022, due to escalating global uncertainties. Our Company believes that the decision to defer our Proposed IPO is in the best interests of our investors, as they will be better served under improved global market conditions. Amidst the escalating global tension and economic uncertainties, this has been a difficult but essential decision for us to make as we believe that it is our responsibility to our investors and to our existing shareholders to ensure that market conditions are as ideal as possible to launch our Proposed IPO.
Applicants who have successfully submitted an application for the IPO Shares prior to this announcement (“Applicants”) shall have the full amount of their application monies (free of interest) refunded within 15 market days from the date of this Announcement by Baxian Trust (Labuan) Limited which is holding all application monies on trust. The refund will be credited directly into the Applicants’ respective trading account with Fusang Exchange (“Trading Account”) for the purpose of cash distribution. Applicants who want to further withdraw such funds to their designated bank account should login to their Trading Account and follow the fund withdrawal procedures set out in https://support.fusang.co/en/knowledge/how-do-i-make-a-withdrawal-of-fiat . For any further questions in connection with fund withdrawals, please contact Fusang Exchange at firstname.lastname@example.org