 Burlington, MA, May 24, 2021 GLOBE NEWSWIRE -- East Stone Acquisition Corporation Nasdaq: ESSCU, a publicly traded special purpose acquisition company East Stone, announced today that an aggregate of 1,380,000 the Extension Payment has been deposited into East Stones trust account for its public shareholders, representing 0.10 per public share, which enables East Stone to extend the period of time it has to consummate its initial business combination by three months to August 24, 2021 the Extension. The Extension is the first of up to two three-month extensions permitted under East Stones governing documents and provides East Stone with additional time to complete its proposed business combination with JHD Holdings Cayman Limited JHD pursuant to the business combination agreement entered into on February 18, 2021 the Business Combination Agreement. 