Forval to absorb wholly-owned subsidiary Vancool in merger

Forval Corporation announced today the decision to absorb Vancool Corporation, a wholly-owned subsidiary, through a simplified merger. The merger, aimed at improving operational efficiency, reducing costs, and streamlining administrative processes within the Forval Group, is scheduled to take effect on July 31, 2025. As the merger involves a 100% owned subsidiary, no stock allocation or other consideration will be provided. According to the announcement, the merger is not expected to have a significant impact on Forval's consolidated financial performance. Vancool Corporation will be dissolved as a result of the merger. The board resolution and contract were both dated June 10, 2025.