Youlife International and Distoken Acquisition Corporation announce strategic merger


Youlife International Holdings Inc. (“Youlife”), a leading service platform for blue-collar workers in China, and Distoken Acquisition Corporation (Nasdaq: DIST), a special purpose acquisition company, have entered into a definitive business combination agreement. This strategic move will merge both companies with newly-formed subsidiaries under Youlife Group Inc., a Cayman Islands exempted company (“Pubco”), set to become the parent company post-merger. The anticipated outcome is the listing of the combined company on the Nasdaq Stock Market under the ticker symbol YOUL.

Strategic Implications of the Business Combination

Yunlei Wang, CEO of Youlife, expressed enthusiasm about the merger’s potential to bolster the company’s global reach and technological advancement: “We are thrilled to have reached a definitive agreement for a Business Combination with Distoken. We believe it will support our company’s globalization, platformization, and AI intelligent transformation strategy with robust capital protection, and will accelerate our fast expansion in Greater China and abroad.”

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Jian Zhang, CEO of Distoken, also commented on the transaction, showing strong confidence in Youlife’s management and business model: “We have strong confidence in Youlife’s management team and business model. We look forward to a successful closing of the Business Combination.”

Completion Conditions and Expected Outcomes

The completion of the business combination hinges on several conditions, including regulatory approvals, the approval of the transaction by the shareholders of both Distoken and Youlife, and the fulfillment or waiver of other customary closing conditions.

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The merger aims to provide strategic and resource support to Youlife, facilitating its growth in the global market and reinforcing its leading position in the blue-collar talent service sector. Additionally, Youlife’s growing blue-collar talent service ecosystem, strategic expansion in overseas emerging markets, AI-driven transformation, and differentiated competitive advantages are expected to enhance its position in the international capital market. This move is designed not only to create a capital platform for further development but also to attract international investors’ attention, promoting Youlife’s commitment to becoming the preferred lifelong service platform for global blue-collar talent.

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