Moxian, Inc. (MOXC) terminates proposed merger with Btab Group, Inc

Moxian, Inc. (NASDAQ: MOXC), an offline-to-online (O2O) social media services and Internet media marketing services provider, today announces that its proposed merger with Btab Group Inc., (“Btab”) has been terminated by mutual consent, as provided for in the terms of the Share Exchange Agreement signed on August 27, 2020.

The Company also announces the resignations of Mr. James Tan Meng Dong and Dr. David Cheang Sien Chan, both Singaporeans, from the Board with effect from February 28, 2021. The Board now comprises Mr. Hao Qinghu as the CEO of the Company and three other independent directors, Mr. Lionel Choong Khuat Leok, Mr. William Yap Guan Hong and Ms Wendy Wang Yingjie, all of whom have been in office since 2019.

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