Goldenbridge Acquisition Limited Announces Additional Trust Account Contribution to Extend Completion Period of Business Combination

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NEW YORK, May 27, 2022 (GLOBE NEWSWIRE) — Goldenbridge Acquisition Limited GBRGU the “Company”)), a special purpose acquisition company, today announced that Auto Services Group Limited (“SunCar”) has deposited in the Company’s trust account (the “Trust Account”) an aggregate amount of $575,000 (representing approximately $0.10 per common share), to extend the period the Company has to complete a business combination for an additional period of three (3) months, from June 4, 2022 as of September 4, 2022. The Company has issued an unsecured promissory note in the amount of $575,000, to SunCar with principal equal to the amount deposited. The promissory note bears no interest and is convertible into units of the Company (each unit consisting of one common share, a warrant to purchase half of a common share and a right to receive a tenth of a common share for consumption of the initial business combination of the Company) at a price of $10.00 per unit at the closing of a business combination by the Company. The purpose of the extension is to give the Company more time to complete a business combination.

About Goldenbridge Acquisition Limited

Goldenbridge Acquisition Limited is incorporated in the British Virgin Islands as a blank check company for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more companies or entities. Goldenbridge’s efforts to identify a potential target company were not limited to any particular industry or geographic region.

Forward-looking statements

This press release contains forward-looking statements that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts. These forward-looking statements, including the successful completion of the Company’s IPO, are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. The Company expressly disclaims any obligation or undertaking to publicly release any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.

Yongsheng Liu

Chief executive officer

Goldenbridge Acquisition Limited

Tel: +86 (186) 0217-2929


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