CORRECTION -- TIAN RUIXIANG Holdings Ltd. Enters Into Agreement to Acquire REN Talents Inc.

Core Viewpoint - TIAN RUIXIANG Holdings Ltd. has announced a definitive agreement to acquire REN Talents Inc., enhancing its presence in the U.S. and European markets and diversifying its business beyond insurance services [1][3]. Company Overview - TIAN RUIXIANG Holdings Ltd. is an insurance broker based in Beijing, China, offering a variety of insurance products, including property and casualty insurance, health insurance, and life insurance [4]. - REN Talents Inc. is a creative brand agency founded in 2021, with offices in New York and Paris, specializing in brand strategy, marketing, and content development for clients in fashion, beauty, lifestyle, and technology [2][5]. Acquisition Details - The acquisition involves the issuance of 3,211,010 Class A ordinary shares at a price of $2.18 per share, with the transaction expected to close around November 5, 2025 [1]. - REN Talents Inc. has worked with over 100 clients across various industries, including notable brands like ANTA, Xiaomi, and Miniso, and manages high-profile talents [2][5]. Strategic Implications - The acquisition is part of TRX's globalization strategy, aiming to integrate insurance services into consumer and lifestyle sectors, thereby creating an "Insurance + Brand + Lifestyle" ecosystem [3]. - The U.S. and Europe are identified as critical markets due to their mature financial systems and strong consumer spending, which will support TRX's growth and brand influence [3].