FF24 Merchant Services GmbH and FF24 Ventures GmbH agreed to acquire Standard Vape Corp. (OTCPK:SVAP) in a reverse merger transaction on March 8, 2021. The transaction is to be carried out by exchanging 100,000 SVAP preference shares for 100% of the issued share capital of FF24 Merchant Services GmbH and FF24 Ventures GmbH. Fast Finance 24 Holding AG will hold the majority of the Standard Vape. Fast Finance 24 Holding AG then holds 90% of SVAP. A name change will be announced shortly to better reflect the new business direction in FinTech. Mr. John Fruhmann and Dr. M. Ehrlich are stepping down from the SVAP board and appointing Mr. Andreas Garke, Chief Executive Officer and co-founder of Fast Finance24 Holding AG, as the new Chairman and Mr. Armin Dartsch, Chairman of the supervisory board of Fast Finance24 Holding AG, as director and Company Secretary. As of March 15, 2021, 76.3% of the shareholders of Standard Vape Corporation had voted for the approval of transaction. Fast Finance 24 Holding AG announces that it has been informed that Standard Vape Corporation of the takeover agreement announced by Corporate News dated March 8, 2021, was drawn into a legal dispute in the USA as a defendant. There is no direct impact on our company.