TORONTO and GATINEAU, QC, April 2, 2025 /PRNewswire/ — Converge Technology Solutions Corp. (“Converge” or the “Company”) (TSX: CTS) (FSE: 0ZB) (OTCQX: CTSDF) announced today that the Company has agreed to amend (the “Amendment”) the previously announced arrangement agreement dated February 6, 2025 (the “Arrangement Agreement”) with an affiliate of H.I.G. Capital (“H.I.G.”), whereby H.I.G has agreed to acquire all of the issued and outstanding common shares (the “Common Shares”) of the Company (the “Arrangement”). Under the terms of the Amendment, shareholders will receive C$6.00 per Common Share in cash (up from C$5.50 per Common Share), other than Common Shares held by certain shareholders who enter into rollover equity agreements. Defined terms used herein that are not otherwise defined have the meaning given to them in the Arrangement Agreement.

On March 7, 2025, Converge received an unsolicited, conditional, non-binding proposal (the “Unsolicited Proposal”) to acquire 100% of the Common Shares for cash consideration of C$6.00 per share from a credible third party (the “Third Party”). Consistent with its fiduciary duties, the board of directors of Converge (the “Board”), in consultation with its legal and financial advisors and a special committee of independent directors, confidentially considered and determined that the Unsolicited Proposal was a bona fide Acquisition Proposal that constitutes, or could reasonably be expected to constitute or lead to, a Superior Proposal.

On March 25, 2025, H.I.G. commenced a proceeding in the Ontario Superior Court of Justice (Commercial List) (the “Court”) claiming that Converge had, in engaging with the Third Party regarding the Unsolicited Proposal, breached certain provisions of the Arrangement Agreement and was therefore not permitted to accept or approve a Superior Proposal (if received) from the Third Party, or to enter into a definitive agreement with respect to any such Superior Proposal. By order of the Court, Converge was prohibited from making public disclosure of H.I.G.’s allegations. Converge denied such claims, rejected H.I.G.’s positions and undertook a vigorous defence of its position.

On March 31, 2025, Converge received an unsolicited, binding all-cash Acquisition Proposal from the Third Party at a price of C$6.00 per Common Share (the “Original Binding Proposal”). Following Converge’s receipt of the Original Binding Proposal, H.I.G. advised Converge that it was prepared to enter into the Amendment to increase the cash price under the Arrangement to C$6.00 per Common Share. On April 1, 2025, shortly before the Board determined to enter into the Amendment, the Third Party submitted an amended binding Acquisition Proposal in which the price per Common Share was increased by 1.7% to C$6.10 per share (the “Amended Binding Proposal”).

After carefully considering the Amended Binding Proposal and the Amendment, the Board unanimously (with an interested director abstaining), upon the recommendation of the special committee, and in consultation with its legal and financial advisors, determined that entering into the Amendment was in the best interests of the Company. In making their determination, the Board and the special committee considered, among other things, (i) that the Amendment offers shareholders of the Company a high degree of certainty of a completed transaction on a very short timeline at a price per Common Share that is significantly higher than the original C$5.50 price under the Arrangement and equal to the price offered under the Original Binding Proposal; and (ii) the benefits of such relative certainty to the business and the Company’s stakeholders, including its employees, customers and vendors. As part of entering into the Amendment, the Company and H.I.G. have also agreed to permanently discontinue the court proceedings described above and the Company has agreed to discontinue its discussions with the Third Party.

The Board unanimously (with an interested director abstaining) reiterates its recommendation that Shareholders vote FOR the Arrangement Resolution (as defined herein).

The Arrangement and Meeting Details

As originally planned, Converge will hold the special meeting of shareholders (the “Meeting”) to consider a special resolution to approve the Arrangement (the “Arrangement Resolution”) on April 10, 2025, at 11:00 a.m. (Toronto time) in a virtual-only meeting format. The Meeting will be held online at https://meetnow.global//MWUKHQ6, with the ability to participate electronically as explained further in the Circular. Only Shareholders of record as of the close of business on March 10, 2025 are entitled to receive notice of, attend, participate and vote at, the Meeting. The Arrangement is expected to be completed on or about April 17, 2025.

About Converge
Converge Technology Solutions Corp. is reimagining the way businesses think about IT—a vision driven by people, for people. Since 2017, we’ve focused on delivering outcomes-driven solutions that tackle human- centered challenges. As a services-led, software-enabled, IT & Cloud Solutions provider, we combine deep expertise, local connections, and global resources to deliver industry-leading solutions.

Through advanced analytics, artificial intelligence (AI), cloud platforms, cybersecurity, digital infrastructure, and workplace transformation, we empower businesses across industries to innovate, streamline operations, and achieve meaningful results. Our AIM (Advise, Implement, Manage) methodology ensures solutions are tailored to our customers’ specific needs, aligning with existing systems to drive success without complexity.

Discover IT reimagined with Converge—where innovation meets people. Learn more at convergetp.com.

Forward-Looking Information

This press release contains certain “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of applicable Canadian securities legislation regarding Converge and its business. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected” “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”. “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements.

Specifically, statements regarding the Amendment, the anticipated timing of the Meeting and the completion of the transactions contemplated thereby and other statements that are not statements of historical facts are considered forward-looking information. The anticipated dates indicated may change for a number of reasons, including the necessity to extend the time limits for satisfying the other conditions for the completion of the Arrangement. The forward-looking information are based on management’s opinions, estimates and assumptions. While these opinions, estimates and assumptions are considered by the Company to be appropriate and reasonable in the circumstances as of the date of this press release, they are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, levels of activity, performance, or achievements to be materially different from those expressed or implied by such forward-looking information.

The forward looking information are subject to significant risks including, without limitation: risks relating to the completion of a transaction with H.I.G., including receipt of all necessary regulatory, court, and shareholder approvals; and general economic conditions.

If any of these risks or uncertainties materialize, or if the opinions, estimates or assumptions underlying the forward-looking information prove incorrect, actual results or future events might vary materially from those anticipated in the forward-looking information. Although the Company has attempted to identify important risk factors that could cause actual results to differ materially from those contained in forward- looking information, there may be other risk factors not presently known to the Company or that the Company presently believes are not material that could also cause actual results or future events to differ materially from those expressed in such forward-looking information.

There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, you should not place undue reliance on forward-looking information, which speaks only as of the date made. The forward- looking information contained in this press release represents the Company’s expectations as of the date specified herein, and are subject to change after such date. However, the Company disclaims any intention or obligation or undertaking to update or revise any forward-looking information or to publicly announce the results of any revisions to any of those statements, whether as a result of new information, future events or otherwise, except as required under applicable securities laws.

All of the forward-looking information contained in this press release is expressly qualified by the foregoing cautionary statements.

For further information contact: Converge Technology Solutions Corp., Email: investors@convergetp.com, Phone: 416-360-1495

View original content:https://www.prnewswire.co.uk/news-releases/converge-technology-solutions-and-hig-capital-agree-to-amend-arrangement-agreement-302417865.html

HO CHI MINH CITY, Vietnam, April 2, 2025 /PRNewswire/ — SUEZ signed a joint venture agreement with Sonadezi, a state-owned company who has developed and currently manages 11 large-scale industrial parks in Vietnam, to provide integrated environmental solutions to the largest industrial park in South Vietnam. This strategic partnership marks SUEZ’s first industrial park project in Vietnam and its 22nd in Asia, reinforcing its commitment to supporting the region’s sustainable growth with circular, resilient industrial water and waste solutions.

François Fevrier, CEO Water and R&R of SUEZ Asia, said: “This partnership marks a major step for SUEZ into Vietnam’s industrial park sector. We have proven expertise and technical know-how in industrial parks across Asia, providing state-of-the-art environmental services to 22 parks in the region. We are pleased to join hands with Sonadezi to write the next chapter of our story in Vietnam. As the country continues to develop its industrial landscape, SUEZ is committed to supporting its vision for a more sustainable future, by providing innovative water and waste solutions.”

Since establishing its first industrial park in 1963, Vietnam has developed over 400 such parks. To address industrial water and wastewater challenges, such as improving wastewater quality, stabilising effluents from wastewater treatment plants and enhancing pipe network conditions, the government has introduced robust environmental and discharge policies, pushing for higher-quality development. As part of the country’s environmental transition, 40% to 50% localities in Vietnam aim to convert existing industrial parks into eco-industrial parks by 2030. Leveraging its expertise and extensive experience, SUEZ is well-positioned to play a role in advancing this transformation further.

Strategically situated just over an hour’s drive from Ho Chi Minh City, the Chau Duc Industrial Park, the largest of its kind in South Vietnam, is a vital hub for industrial activities. It serves as a gateway for international businesses looking to invest in Vietnam’s flourishing industrial sectors such as semiconductors, mechanics, and automotive accessories, and plays a crucial role in the national economic development.

The first phase of the collaboration between SUEZ and Sonadezi will involve the upgrade and Operations and Maintenance (O&M) of the existing wastewater treatment facilities and will provide comprehensive wastewater solutions to over 100 industrial clients within the Chau Duc Industrial Park. With the rapid development of the Park and the increasing standards of environmental goals of the country, the new joint venture will also study the opportunities to strengthen water and waste services within the Park through cutting-edge facilities and technologies.

With a 160-year track record in water and waste management, SUEZ has been providing integrated environmental solutions to 22 major industrial parks in Asia for over two decades. In Vietnam, SUEZ has been working closely with local partners since 1955, providing sustainable drinking water and wastewater services through more than 20 projects. The signing of this agreement is another milestone for SUEZ to provide industrial clients with reliable and cost-efficient solutions for their effluents and waste, supporting the country in achieving its sustainability goals.

About SUEZ:

Faced with growing environmental challenges, SUEZ has been delivering essential services that protect and improve our quality of life for more than 160 years. SUEZ provides its customers with innovative and resilient solutions for water and waste services. With 40,000 employees across 40 countries, the Group works with customers to create value over the full lifecycle of their assets and services, and to drive their low carbon transition. In 2023, SUEZ provided drinking water for 57 million people worldwide and sanitation services for more than 36 million people. The Group generated 7.7 TWh of energy from waste and wastewater. In 2023, SUEZ generated revenues of 8.9 billion euros. For more information: www.suez.com / X @suez / LinkedIn @SUEZ.

In Asia, SUEZ’s journey began some 70 years ago, first in Southeast Asia before expanding to China 50 years ago. With 6,500+ employees across Asia, SUEZ has built over 600 water and wastewater treatment plants. Together with our local partners, we also provide water and waste recycling and recovery services to 25+ million people and 22 industrial parks across the region. SUEZ is recognized as one of the most influential companies in China and a service benchmark for leading Asia’s environmental industry. Today, SUEZ works with municipal and industrial customers in more than 30 major cities and regions across China, manages China’s first PPP water contract in Macao, operates one of Asia’s largest hazardous waste incineration facilities in Shanghai, and has invested over RMB 6 billion in Chongqing.

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SOURCE SUEZ Asia

BEIJING,  April 2, 2025 /PRNewswire/ — The China Science Fiction Convention 2025 (CSFC 2025) culminated with four high-profile thematic forums—”Sci-Fi + Talent,” “Sci-Fi + AI,” “Sci-Fi + Life Sciences,” and “Sci-Fi + Future Transportation”. The event took place on March 29-30 at Beijing’s Shijingshan District’s Shougang Park.

Themed “Science Dreams – Creating the Future,” CSFC 2025 featured five core segments: an opening ceremony, professional forums, competitions, industry promotion initiatives, and public engagement activities. The “Sci-Fi+” forums, a highlight of the event, were organized by the Beijing Association for Science and Technology and hosted by the China Center for International Communication Development (CCICD).

The “Sci-Fi+” forums brought together leading minds from academia, the private sector, and the arts, including senior researchers from the Chinese Academy of Sciences (CAS), officials from the Ministry of Science and Technology, and top management executives from China International Communications Group (CICG), Beijing Association for Science and Technology, Perfect World, iFlytek, Germany’s Steinbeis, as well as award-winning science fiction authors and international communication specialists. Key discussions spanned transformative trends:

“Sci-Fi + Talent”: Introduced the Interdisciplinary Sci-Fi Talent Development Program, proposing novel frameworks for interdisciplinary education.”Sci-Fi + AI”: Explored the intersection of AI and creative expression, highlighting collaborative potentials that redefine the relationship between humans and technology.”Sci-Fi + Life Sciences”: Featured a presentation by CAS Academician Chen Runsheng, discussing the inspirational role of science fiction in real scientific discovery.”Sci-Fi + Future Transportation”: Discussed next-gen mobility, from drone networks to hyperloops, driven by tech-sci-fi cross-pollination.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/china-science-fiction-convention-concludes-with-insightful-sci-fi-forums-exploring-future-frontiers-302417884.html

SOURCE China Center for International Communication Development (CCICD)