- Starry Sea Acquisition Corp. (SSEA) has signed a **binding letter-of-intent** for a proposed business combination with **Forever Young International Limited**.  **[2059165_20250929CN85653:0]** 
- Forever Young is a health industry company that provides **management and support services to medical institutions in China**.  **[2059165_20250929CN85653:0]** 
- The LOI contemplates a pre-money equity value for Forever Young in the range of approximately **$750 million to $900 million**, with consideration expected to be **rollover equity valued at $10 per share**.  **[2059165_20250929CN85653:0]** 
- The parties have agreed to a **sixty-day period of mutual exclusivity** to negotiate and execute a definitive agreement.  **[2059165_20250929CN85653:0]**

SSEA Announces Binding Letter of Intent for Business Combination with Forever Young International Limited

- Starry Sea Acquisition Corp. (SSEA) announced on **September 29, 2025**, the signing of a binding letter-of-intent (LOI) for a proposed business combination with **Forever Young International Limited**.  **[2059165_0001829126-25-007703_starryseaacq_ex99-1.htm:0]** **[2059165_0001829126-25-007703_starryseaacq_8k.htm:1]** 
- Forever Young International Limited is a **health industry company** in China that provides management and support services to medical institutions.  **[2059165_0001829126-25-007703_starryseaacq_ex99-1.htm:0]** 
- The LOI contemplates a pre-money equity value for Forever Young in the range of approximately **$750 million to $900 million**, subject to confirmatory due diligence.  **[2059165_0001829126-25-007703_starryseaacq_ex99-1.htm:0]** **[2059165_0001829126-25-007703_starryseaacq_8k.htm:1]** **[2059165_0001829126-25-007703_starryseaacq_ex10-01.htm:5]** 
- The consideration is expected to be rollover equity to Forever Young’s shareholders in the form of ordinary shares of the post-closing publicly-listed entity, each valued at **$10 per share**.  **[2059165_0001829126-25-007703_starryseaacq_ex99-1.htm:0]** **[2059165_0001829126-25-007703_starryseaacq_8k.htm:1]** **[2059165_0001829126-25-007703_starryseaacq_ex10-01.htm:5]** 
- The parties have agreed to a **60-day period of mutual exclusivity**, which may be extended under certain conditions.  **[2059165_0001829126-25-007703_starryseaacq_ex99-1.htm:0]** **[2059165_0001829126-25-007703_starryseaacq_ex10-01.htm:5]**

STARRY SEA ACQUISITION (SSEA)