Connexa Sports shareholders approve Yuanyu deal

Connexa Sports Technologies announced that at its AGM, held on May 15, the company’s shareholders approved the acquisition of Yuanyu Enterprise Management Co., Limited. Pending Nasdaq approval of the related change of control, Hongyu Zhou, the sole shareholder of YYEM, will own a controlling interest in Connexa. “Following our recent announcement to acquire 70% of YYEM, as a pathway to deliver enhanced value to all of our shareholders, we are grateful to our shareholders for their support of the board in approving this transaction,” commented Mike Ballardie, CEO of Connexa.