Rising Dragon shares surge 22.13% intraday after shareholders approve mergers with Xpand Boom and HZJL Cayman.

Rising Dragon Acquisition Corp. surged 22.13% intraday after shareholders overwhelmingly approved six key proposals, including the merger of the company with its subsidiary Xpand Boom Technology Inc. to form the surviving public entity. The approval also encompassed the subsequent merger of Xpand Boom Solutions Inc. with HZJL Cayman Limited, consolidating HZJL as a wholly-owned subsidiary. With 4.775 million shares voting in favor—significantly outpacing the 273,331 opposing votes—the transaction reflects strong investor confidence in the strategic restructuring. The approval enables the business combination to proceed, with the company set to close the deal and continue accepting redemption reversals. The vote results, disclosed in an SEC Form 8-K filing, underscore regulatory and shareholder alignment with the merger plan, directly driving the intraday price spike.