Broadway Technology Inc. Merges with Quartzsea Acquisition Corporation to Form Nasdaq-Listed Cuisine Universal.

Broadway Technology Inc, a leading manufacturer of PET cups and lids, has entered into a merger agreement with Quartzsea Acquisition Corporation, a special purpose acquisition company. Upon completion, Quartzsea will merge with Cuisine Universal Packaging Solution, and then merge with Gaokai, resulting in Gaokai becoming a wholly-owned subsidiary of Cuisine Universal. The combined company is expected to be listed on Nasdaq under the ticker symbol "CUPS". Gaokai's core competitive advantages include stable and high-performance raw PET materials, comprehensive upstream sheet manufacturing capabilities, advanced equipment and automated production lines, and high-transparency, innovative product designs.