CONNEXA HAS CLOSED THE ACQUISITION OF A FURTHER 50% OF YYEM AND CONFIRMS THAT TRADING OF THE POST-ACQUISITION YYAI WILL COMMENCE FRIDAY, NOVEMBER 22, 2024

Core Insights - Connexa Sports Technologies Inc. has acquired an additional 50% stake in Yuanyu Enterprise Management Co., Limited, increasing its total ownership to 70% [1][2] - The acquisition has led to a change of control within Connexa, resulting in the appointment of new officers and directors, as well as a spin-off of the Slinger Bag business [2] - Yuanyu Enterprise Management operates in the Love and Marriage sector, leveraging patents, technologies, and algorithms for big data and matchmaking analyses [3] Company Developments - The acquisition of YYEM is expected to enhance Connexa's position in the Love and Marriage sector, which is rapidly emerging [3] - The former CEO of Connexa expressed gratitude to shareholders and directors for their support during the acquisition process [2] - Mr. Zhou, the Chairman of YYEM, has joined Connexa's Board of Directors, indicating a strategic shift towards the Love and Marriage sector [3]