IDC Announces Ownership Change
 | |||||||||
Toronto, Ontario – TheNewswire - October 5th, 2022 - Imaging Dynamics Company Ltd. ("IDC" or the "Company") (TSXV:IDL) announces that it has been informed that a private share transaction between Shuai Wang and New Journey Hospital Group Ltd. has been completed on or about March 14, 2022 whereby New Journey Hospital Group Ltd. has acquired from Shuai Wang 4,222,668 shares in the capital of the Company (the "Private Transaction") at a transaction price of $1.00/ share. Pursuant to the Private Transaction, New Journey Hospital Group Ltd. now holds approximately 40.86% of the issued and outstanding shares of the Company.
The Company is not party to the Private Transaction, no new shares of the Company have been issued in connection therewith and no change of management or directors has occurred in connection therewith.
We believe IDC has a bright future ahead. Most of our attention will focus on introducing new products and providing better service to our customer.
About Imaging Dynamics Company (IDC):
IDC is a global medical imaging technology provider and innovative force in the high technology growth field of digital radiography (DR). Digital Radiography is a form of X-ray imaging which replaces conventional film-based diagnostic imaging and provides a cost-effective solution for medical facilities of all sizes to provide high quality diagnostic X-ray images with the use of Flat Panel detectors to enhance the digital image quality and improve the level of healthcare for their patients.
Visit the IDC web site: www.imagingdynamics.com
For more information, please contact:
Mr. Xiaoyi Yan
Chief Financial Officer 1.866.975.6737 Toll Free
Statements in this release which describe IDC's intentions, expectations or predictions, or which relate to matters that are not historical facts are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties which may cause the actual results, performances or achievements of IDC to be materially different from any future results, performances or achievements expressed in or implied by such forward- looking statements. IDC may update or revise any forward-looking statements, whether as a result of new information, future events or changing market and business conditions. Known and unknown risks and uncertainties include: IDC's ability to manufacture its products with a sufficient level of quality and in volumes which satisfy market demand;
IDC – Your Global Medical Imaging Technology Provider
2
the ability of IDC to establish direct and indirect sales channels; the ability of IDC to establish industry partnerships; IDC's ability to attract and retain key personnel; the strength and breadth of IDC's patents; and other factors relating to general economic conditions, specific industry conditions and IDC's particular situation.
Neither TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
IDC – Your Global Medical Imaging Technology Provider