HONG KONG and LOS ANGELES, May 13, 2026 (GLOBE NEWSWIRE) -- Eight Directions Technology Limited, a Cayman Islands exempted company (“Eight Directions” or the “Company”), announced today that it has entered into an Agreement and Plan of Merger (the “Agreement”) with Quartzsea Acquisition Corporation (Nasdaq: QSEA, QSEAR, QSEAU) (“Quartzsea”), a Cayman Islands exempted company and special purpose acquisition company, Eight Directions Global Limited, a Cayman Islands exempted company and wholly owned subsidiary of Quartzsea (the “Purchaser”), and CUPS Sub Limited, a Cayman Islands exempted company and wholly owned subsidiary of the Purchaser (the “Merger Sub”), pursuant to which Merger Sub will merge with and into the Company, with the Company surviving as a wholly owned subsidiary of the Purchaser, and Quartzsea will merge with and into the Purchaser, with the Purchaser surviving as the publicly traded company (the “Proposed Transaction”).