Perfect Corp. enters agreement for going-private transaction

Perfect Corp. has entered into a definitive Agreement and Plan of Merger, dated as of July 10, with ProjectNY, an exempted company with limited liability incorporated under the laws of the Cayman Islands controlled by Alice Chang, pursuant to which, and subject to the terms and conditions thereof, Merger Sub will merge with and into the Company, with the Company surviving the Merger as the surviving company and becoming a privately held company. Pursuant to the terms of the Merger Agreement, at the effective time of the Merger, each ordinary share of the Company issued and outstanding immediately prior to the Effective Time, other than the Excluded Shares, the Continuing Shares and the Dissenting Shares, each as defined in the Merger Agreement, will be cancelled and cease to exist in exchange for the right to receive $2.00 in cash per share without interest.The Per Share Merger Consideration represents a premium of approximately 48.1% to the closing price of the Company's Class A ordinary shares on March 17, the last trading day prior to the Company's announcement on March 18 of its receipt of the preliminary non-binding going-private proposal, and a premium of.