StoicLane, Inc. entered into an agreement to acquire Real Estate Appraisal Management Business of Starrex International Ltd. (OTCPK:STXM.F) on October 3, 2022. The transaction is subject to approval of Starrex International shareholders holding at least 66.5% of shares voted in person or by proxy at the Meeting and Starrex obtaining certain third party consents. The transaction has been approved unanimously by Starrex's board of directors.

If shareholder and other approvals are obtained, it is anticipated that the proposed transaction will be completed on or about November 4, 2022, and in any event no later than November 30, 2022.