Company: BSAAR
Filing Date: 2025-09-26
Form Type: 425
Source: 0001493152-25-015072
Chunk: 6

Company: BEST SPAC I Acquisition Corp.
Filing Date: 2025-09-26
Form: 425
Chunk 6
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holder Approval having been obtained; and (vi) the Merger Agreement, the Plan of Merger and the transactions contemplated hereby and thereby, shall have been duly authorized and approved respectively by the shareholders of HDE.

Purchaser Parties’ Conditions to Closing

The obligations of Purchaser Parties to consummate the transactions contemplated by the Merger Agreement, in addition to the conditions described above, will be conditioned upon each of the following, among other things:

| ● | The                                                                                                                                 
 Target Group shall have duly performed all of the obligations required to be performed by it at or prior to the Closing Date in all 
 material respects;                                                                                                                  |

| ● | The                                                                                                                                 
 representations and warranties of the Target Group being true on and as of the date of the Merger Agreement and closing date of the 
 transactions except would not be expected to have a Material Adverse Effect;                                                        |

| ● | There                                                       
 having been no Material Adverse Effect to the Target Group; |

| ● | The                                                                                               
 Target Group having obtained all necessary consents, and no such consent shall have been revoked; |

| ● | The                                                                               
 Purchaser Parties receiving a certificate signed by an authorised officer of HDE; |

| ● | The                                                                                                                                 
 Purchaser Parties receiving a copy of the memorandum and articles of association of HDE as in effect as of the Closing Date, a copy 
 of the certificate of incorporation of HDE, copies of HDE’s resolutions authorizing the Merger Agreement and the transactions       
 contemplated hereby, and a recent certificate of good standing regarding HDE from the jurisdiction in which HDE is incorporated;    |

| ● | The                                                                     
 Purchaser Parties receiving copies of all government approvals, if any; |

| ● | HDE’s                                                    
 key personnel having executed the employment agreements; |

| ● | The                                                                                                       
 Purchaser Parties receiving a Company Disclosure Schedule updated (if applicable) as of the Closing Date; |

| ● | The                                                                                                                             
 Purchaser Parties receiving copies of executed opinions from HDE’s Cayman Islands counsel and PRC counsel in form and substance 
 reasonably satisfactory to the Purchaser Parties, addressed to the Purchaser Parties as of the Closing Date;                    |

| ● | The                                                                                                                   
 Purchaser Parties receiving a copy of each of the additional agreements to which HDE is a party duly executed by HDE; |

| ● | The                                                                                                                               
 Purchaser Parties receiving a copy of each of the Additional Agreements, duly executed by all parties thereto, other than Parent,