NIP Group signs agreement to acquire Young Will

NIP Group has signed a definitive agreement to acquire Wuhan Young Will, a talent management company specializing in short-form video content creation and influencer development. Founded in 2019, Young Will has established itself in teen culture-themed short video content with a following of over 115 million fans across major Chinese social media platforms. It manages a diverse portfolio of more than 100 signed influencers. NIP Group will issue new shares, at a consideration of RMB23.2M – approximately $3.3M -, in exchange for 61% of the equity stake in ZSZQ Limited, the Cayman parent company that controls Young Will. NIP Group will subsequently acquire an additional 13% of the shares of ZSZQ Limited each year during 2025, 2026, and 2027, and in exchange issue a corresponding number of its own shares to the beneficial owners of ZSZQ Limited in accordance with the Agreement, contingent on the satisfaction of certain conditions. The transaction is expected to close in 2027.