Fortune Favor Technology Inc., a Cayman Islands exempted company ("Fortune Favor" or the "Company"), announced today that it has entered into an Agreement and Plan of Merger (the "Agreement") with Quantumsphere Acquisition Corporation (NASDAQ:QUMS, QUMSR, QUMSU))) ("Quantumsphere"), a Cayman Islands exempted company and special purpose acquisition company, Fortune Favor Global Group Inc., a Cayman Islands exempted company and wholly owned subsidiary of Quantumsphere (the "Purchaser"), and QUMS Merger Sub Ltd, 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 Quantumsphere will merge with and into the Purchaser, with the Purchaser surviving as the publicly traded company (the "Proposed Transaction").

Fortune Favor Technology Inc., through its subsidiaries, is principally engaged in providing technology consulting services and comprehensive solutions for medical cold-chain transportation. Its services cover design, sourcing, supply chain, and application support for the handling and delivery of temperature-sensitive products.