AnPac Bio enters asset purchase agreement with Easy Hundred

AnPac Bio announced that on March 31, the company entered into an asset purchase agreement with Easy Hundred, a U.S.-based e-commerce company in the foodservice industry, through which the company will acquire certain fixed assets of Easy Hundred and Easy Hundred’s intellectual property relating to ez100, 2Supply and 100WAY. The intellectual property includes a full set of e-commerce platform source codes, covering websites, apps, and management systems. Pursuant to the Agreement, the company agreed to purchase the intellectual property relating to ez100, 2Supply and 100WAY and certain fixed assets for the consideration of $8,149,595, payable in the form of $730,000 in cash and 17,665,702 Class A ordinary shares of the company. The initial closing of the transaction took place on March 31.