Trans Global Group Inc. Enters Into Share Exchange Agreement and Completes Acquisition of ZXG Holding Ltd.

Delaware, Aug. 08, 2022 (GLOBE NEWSWIRE) -- Trans Global Group Inc. (“TGGI” or the “Company”), a U.S. holding company conducting wine distribution and retail sales business via Guangdong, China-based subsidiary Shenzhen Zui Xian Gui Brewery Technology Ltd. (“ZXGSZ”), today announced that the Company entered into a share exchange agreement (the “Agreement”) with ZXG Holdings Ltd. (the “Target”) and Southsea Global Ltd. (the “Seller”) on August 3, 2022. Pursuant to the Agreement, the Company acquired 100% of outstanding equity interests of the Target, which holds famous Chinese favored liquor brand and liquor distribution and sales network assets in China.

Pursuant to the Agreement, the Company issued 1,465,761,689 shares of common stock to the Seller, which was the sole shareholder of the Target. Upon completion of the acquisition on August 8, 2022, the Target now becomes a wholly-owned subsidiary of the Company.

Mr. Chen Ren, President and Chairman of TGGI, commented: “We are delighted to complete the reorganization of the Company and successfully list our Chinese liquor business via this reverse merger in the U.S. market. Our brand ‘Zui Xian Gui’ is a well-reputed liquor brand with special quality and multi liquor culture. With expanded access to the capital market, we aim to create healthy and good wine belonging to China and the world, creating sustainable value for our consumers and shareholders.”

About Trans Global Group Inc.

Trans Global Group Inc. is a U.S. holding company incorporated in Delaware. The Company conducts business through PRC subsidiary Shenzhen Zui Xian Gui Brewery Technology Ltd. (“ZXGSZ”), which is a wine distribution and retail sales company based in Guangdong province, China. With the mission to let the world taste Chinese wine, and let the world fall in love with “ZuiXianGui”. Through the offline and online promotion, TGGI hopes to deepen the customers’ impression of the brand and promote sales in China and globally. For more information, please visit: .

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Investor Relations

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Ms. Janice Wang, Managing Partner

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