Subject to customary closing conditions, the transaction is expected to close on or before May 22, 2026.

The acquisition will mark the expansion of Globavend into the digital entertainment industry, a strategic evolution aimed at diversifying the Company's income stream in addition to its established logistics business.

Loomi Group  provides entertainment video services to audiences in Southeast Asia through its own mobile application "Loomi: Short Drama", which is a comprehensive and diversified content library offering professionally produced multilingual micro dramas, including Korean, Mandarin and English. It operates through its subsidiaries in Malaysia, Singapore and Hong Kong.

Loomi Group integrates artificial intelligence (AI) throughout its business. It has developed a proprietary AI-powered development platform "Imaginary" offering end-to-end AI-powered cinematic production for defined deliverables designed to support creation by professional producers and content creators. Users can enjoy a hassle-free experience in generating character designs, storyboards, cinematic sequences, motion sequences through "Imaginary" using prompts and parameters defined by the users and ultimately produce micro dramas and animations in an efficient and professional manner.

"We are excited to announce the proposed acquisition of Loomi Entertainment Group Limited, which will represent a major strategic milestone in Globavend's evolution into the digital entertainment industry," said Kai Man Fung, Chairman of Globavend. "We believe the global entertainment landscape is entering a new era driven by mobile-first consumption, artificial intelligence, and short-form storytelling. In particular, micro dramas have rapidly emerged as one of the fastest-growing segments within the digital media industry, attracting substantial user engagement and monetization opportunities globally."

Fung continued: "Through the acquisition of Loomi, we intend to position Globavend at the forefront of this transformational trend by leveraging innovative content production capabilities, AI-assisted creative workflows, and next-generation digital distribution strategies. We believe Loomi's creative expertise and market vision will complement our long-term strategy of expanding into high-growth technology and entertainment sectors."

"Looking ahead, the Company intends to actively explore opportunities in AI-powered content creation, vertical short dramas, creator economy platforms, and digital entertainment commercialization initiatives as we work to build a diversified and future-oriented business platform for our shareholders." Fung concluded.

The Vendor is an entity wholly-owned by Tsz Ngo Yu, a director and chief financial officer of the Company. Upon closing of the transaction, Loomi Entertainment will become a non-wholly-owned subsidiary of the Company and the financial results, assets and liabilities of Loomi Group, which include an existing interest-free shareholder loan of approximately US$550,000 due and owing to the Vendor, will be consolidated into the Company's consolidated financial statements. Additional information regarding the transaction will be set forth in a Current Report on Form 6-K to be filed by the Company with the U.S. Securities and Exchange Commission (SEC).

Integration planning is currently underway, and the Company intends to provide further updates following the closing of the transaction.