YHN Acquisition I Limited has entered into a letter of intent with Mingde Technology Limited (Holdco) and Zhejiang Xiaojianren Internet Technology Co., Ltd (XJR). This agreement proposes a business combination with an equity valuation of $396 million, conditioned on a reorganization to be completed by Holdco and XJR, and the subsequent signing of a definitive agreement. They agreed to a 90-day exclusivity period to finalize their negotiations. No information is provided about a cybersecurity breach in this summary. The text includes forward-looking statements with the usual disclaimers about potential differences in future actual outcomes.
Names mentioned: - YHN Acquisition I Limited - Mingde Technology Limited (Holdco) - Zhejiang Xiaojianren Internet Technology Co., Ltd (XJR) - Satoshi Tominaga (Chief Executive Officer of YHN Acquisition I Limited)