BRIEF-Scienjoy To Become A Public Company Via Business Combination With Wealthbridge

Nov 1 (Reuters) - Wealthbridge Acquisition Ltd :

   * SCIENJOY TO BECOME A PUBLIC COMPANY VIA BUSINESS COMBINATION WITH WEALTHBRIDGE

   * WEALTHBRIDGE ACQUISITION LTD - WEALTHBRIDGE WILL BE RENAMED SCIENJOY HOLDING CORPORATION & REMAIN NASDAQ-LISTED UNDER NEW TICKER SYMBOL

   * WEALTHBRIDGE ACQUISITION LTD - UNDER TERMS SCIENJOY'S SHAREHOLDERS WILL RECEIVE 16.4 MILLION ORDINARY SHARES OF WEALTHBRIDGE

   * WEALTHBRIDGE ACQUISITION LTD - COMBINED COMPANY WILL HAVE A PRO FORMA EQUITY MARKET VALUE OF APPROXIMATELY $250 MILLION AT CLOSING

   * WEALTHBRIDGE ACQUISITION LTD - SCIENJOY'S MANAGEMENT TEAM, LED BY CEO VICTOR HE, WILL CONTINUE TO RUN COMPANY AFTER TRANSACTION

   * WEALTHBRIDGE ACQUISITION LTD - WEALTHBRIDGE CHAIRMAN AND CEO WINSTON LIU WILL REMAIN ON COMPANY'S BOARD OF DIRECTORS AFTER CLOSING

   * WEALTHBRIDGE ACQUISITION LTD - SCIENJOY'S SHAREHOLDERS WILL RECEIVE 16.4 MILLION ORDINARY SHARES OF WEALTHBRIDGE, VALUED AT $10.00 PER SHARE

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