Youlife signs share exchange agreement with two HR service companies

Youlife (YOUL) has entered into a definitive share exchange agreement with Lightred Investment and YouheHR Group in connection with its proposed acquisition of four regional human resources service companies, following the non-binding letter of intent announced in December 2025. The signing of the definitive agreement represents a transition from strategic evaluation to a structured transaction framework. The companies to be acquired operates across multiple regions and labor-intensive industries. Under the definitive agreement, the transaction is structured as a pure-equity share exchange, with consideration linked to the future performance of the acquired companies. The transaction is expected to close following the satisfaction or waiver of customary closing conditions, including regulatory, documentary, and corporate approvals by all parties.