Isdera Group Enters Into Agreement And Plan Of Merger For Business Combination With UY Scuti Acquisition

Isdera Group Limited, a Cayman Islands company ("Isdera Group" or the "Company"), a company that shall become the parent company of Xinghui Automotive Technology (Hainan) Co., Ltd, a company in the business of designing automobiles in the People's Republic of China ("Xinghui Automotive Technology"), announced today that it has entered into an Agreement and Plan of Merger (the "Merger Agreement") on July 18, 2025 for a business combination with UY Scuti Acquisition Corp. (NASDAQ:UYSC, UYSCR, UYSCU))), a special purpose acquisition company incorporated in the Cayman Islands ("UYSC").

Upon consummation of the transaction contemplated by the Merger Agreement, (i) UYSC will be merged with and into Isdera Inc, a company to be formed in the Cayman Islands as an exempted company and wholly-owned subsidiary of UYSC  (the "SPAC Merger"), and (ii) concurrently with the SPAC Merger, Isdera Technology Limited, a company to be formed in the Cayman Islands as an exempted company and wholly-owned subsidiary of Isdera Inc, will be merged with and into Isdera Group, resulting in Isdera Group being a wholly owned subsidiary of Isdera Inc (the "Business Combination" and the transactions in connection with the Business Combination collectively, the "Transaction"). Upon the closing of the Transaction, the combined company, Isdera Inc expects to be listed on the Nasdaq Capital Market ("Nasdaq") under a new ticker symbol.