New World Solutions Inc. (CNSX:NEWS) agreed to acquire Panyo AI Technologies Inc for CAD 0.4 million on May 27, 2024. The transaction is subject to approval by regulatory board / committee, consummation of due diligence investigation and the resignation of the sole director, President and Corporate Secretary of Panyo. Upon completion of the Transaction, Panyo's board of directors will be comprised of nominees of Panyo.

No change in management or board of directors of the Company is currently contemplated.