Termination of Previous Memorandum of Understanding and Security Purchase Agreement (Form 6-K)

INFORMATION CONTAINED IN THIS FORM 6-K REPORT

Termination of Previous Memorandum of Understanding and Security Purchase Agreement

As DirectBooking Technology Co., Ltd. (the "Company") previously reported in a Current Report on Form 6-K filed with the U.S. Securities and Exchange Commission on August 19, 2025, the Company entered into a Memorandum of Understanding (the "MOU"), dated August 18, 2025. Pursuant to the MOU, on November 11, 2025, the Company entered into a securities purchase agreement (the "SPA") for the purchase of 49% of the total issued shares of China Wangmao Liquor Industry Group Co., Limited ("China Wangmao"). The Company paid the purchase price of approximately US$12.7 million in or about December 2025 in accordance with the terms of the SPA. However, due to commercial considerations and unforeseen events, the Company has not yet received any shares of China Wangmao.

Following friendly negotiations, the Company and China Wangmao have agreed to terminate the SPA. The Company delivered a written notice of termination of the SPA, dated August 11, 2026, to China Wangmao pursuant to the terms and conditions thereof. In a spirit of goodwill, China Wangmao has agreed to compensate the Company by paying interest on the purchase price at an annual rate of 5.25% for the period during which it held the purchase price.

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