GD Culture Group Forms Special Committee To Mull, Consider Proposed $10.75/Share Acquisition Offer From Consortium Of Wealthy Concord, East Valley Technology

GD Culture Group Limited

GD Culture Group Limited

GDC

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GD Culture Group Limited (NASDAQ:GDC) (the "Company" or "GDC") today announced that its board of directors (the "Board") has formed a special committee (the "Special Committee") consisting of three disinterested, independent directors, namely Lei Zhang, Yun Zhang, and Shuaiheng Zhang, to evaluate and consider the preliminary non-binding proposal letter, received on May 1, 2026 (the "Proposal") from the consortium formed by Wealthy Concord Limited and East Valley Technology Limited that proposes a going-private transaction for US$10.75 per share in cash of the Company's common stock (the "Transaction").

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