Golden Star Announces Cancellation of Business Combination Extraordinary General Meeting

NEW YORK, May 24, 2024 (GLOBE NEWSWIRE) -- Golden Star Acquisition Corporation (NASDAQ: GODN) (the “Company” or “Golden Star”) today announced that it has cancelled the extraordinary general meeting of its shareholders that was previously scheduled for 10:00 a.m. Eastern Time on May 30, 2024 (the “Business Combination EGM”), and has withdrawn from consideration by the shareholders the proposals set forth in the Company’s definitive proxy statement for the Business Combination EGM filed with the U.S. Securities and Exchange Commission (the “SEC”) on May 17, 2024.

As previously announced, on September 16, 2023, the Company entered into a definitive business combination agreement (the “Business Combination Agreement”) with Gamehaus Inc. (“Gamehaus”), a mobile game publishing company. On May 17, 2024, the Company filed its definitive proxy statement, announcing the Business Combination EGM to consider and vote upon, among other things, the adoption of the Business Combination Agreement and the approval of the transactions contemplated under the Business Combination Agreement.

On May 22, 2024, Gamehaus notified the Company that it received a written notice from the China Securities Regulatory Commission (the “CSRC”), requiring it to complete the filing with the CSRC pursuant to the Trial Administrative Measures of Overseas Securities Offering and Listing by Domestic Companies, as promulgated by the CSRC on February 17, 2023. Pursuant to Section 8.1(l) of the Business Combination Agreement, the obligations of the parties to consummate the transactions contemplated thereunder are subject to Gamehaus having received the necessary approval from the CSRC, among others. Therefore, the board of directors of the Company has decided to cancel the Business Combination EGM to allow more time for the closing conditions under the Business Combination Agreement to be met.

About Golden Star

Golden Star Acquisition Corporation is a blank check company formed as an exempted company under the laws of the Cayman Islands whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.

Additional Information and Where to Find It

This press release relates to a proposed business combination among Golden Star, Gamehaus and certain other entities as contemplated under the Business Combination Agreement (the “Proposed Business Combination”). This press release does not constitute an offer to sell or exchange, or the solicitation of an offer to buy or exchange, any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, sale or exchange would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. In connection with the Proposed Business Combination, Gamehaus Holdings Inc. (“Pubco”) has filed a registration statement on Form F-4 (as may be amended from time to time, the “Registration Statement”) with the SEC that includes a proxy statement/prospectus and other relevant documents to be distributed by Golden Star to its shareholders as of the record date to be established for voting on the Proposed Business Combination in connection with its solicitation of proxies for the vote by its shareholders in connection with the Proposed Business Combination and the other matters as described in such proxy statement. Golden Star and Pubco will also file other documents regarding the Proposed Business Combination with the SEC. Before making any voting decision, investors and security holders of Golden Star are urged to read the Registration Statement, the proxy statement/prospectus, and all other relevant documents filed or that will be filed with the SEC in connection with the Proposed Business Combination as they become available because they will contain important information about the Proposed Business Combination.