In Hainan blockchain technology seminar, global blockchain elites from all walks of life explored the industry reform in the era of "blockchain + global finance" 3.0 with the innovative mode of Singapore Data Ecology Foundation Ltd. in the blockchain field as the breakthrough point. At the same time, German Heinrich and Singapore Data Ecology Foundation Ltd. had in-depth exchanges on the topic of jointly promoting the development of the industry and reached strategic cooperation intention.

In the second half of 2021, German Heinrich will wholly acquire Singapore Data Ecology Foundation Ltd. due to the epidemic situation, the representative of German Heinrich cannot arrive at the site, and the letter of intent has been signed online.

Reach strategic cooperation

DETA is a decentralized all digital integrated financial ecological public chain created by Singapore Data Ecology Foundation Ltd., which mainly helps global economic and trade entities to carry out digital upgrading and transformation, and provides effective solutions for all digital integrated finance. At present, DETA has a total of 1 million users in the world, which is one of the top digital public chains in China.

German Heinrich's board of directors highly recognized the ecological application value of DETA digital ecological public chain and said that the acquisition was in the best interests of all its stakeholders, including shareholders, customers and employees.

About German Heinrich

German Heinrich is a one-stop business platform jointly built by European professional law firms and information system suppliers. The company employs more than 18,000 people worldwide and provides comprehensive professional consulting services to 150 countries or regions around the world.

About Singapore Data Ecology Foundation Ltd.

Singapore Data Ecology Foundation Ltd. is a capital Alliance Foundation jointly invested by the government of Singapore Investment Corp (the largest international investment institution in Singapore), TEMASEK investment institution and Singapore Data Ecology Foundation Ltd. It focuses on the investment of block chain value assets and the digital reform of real economy and finance, It is committed to promoting the development of comprehensive financial industry of blockchain by enabling the digital economic model of blockchain with capital.

Entering into an acquisition agreement

German Heinrich announced that it will cooperate with the management team of Singapore Data Ecology Foundation Ltd. to jointly pursue strategic development and aspire to become a real global industry leader.

The acquisition will comply with the usual transaction conditions, accept the supervision of shareholders and regulatory authorities, and is expected to complete all the acquisition work in the second half of 2021.

Heinrich Board of directors

June 2021