RDAC Rising Dragon Acquisition Corp. - 8-K

Item 1.01 Entry into a Material Definitive Agreement

The
disclosure contained in Item 2.03 is incorporated by reference in this Item 1.01.

Item 2.03 Creation of a Direct Financial Obligation
or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

On April 15, 2026, Rising
Dragon Acquisition Corp. (the “Company” or “Rising Dragon”) issued two unsecured promissory notes, each with a
principal amount of $50,000 (the “Notes”), one to Aurora Beacon LLC, the Company’s sponsor, and one to SZG
Limited , the designee of HZJL Cayman Limited, the counterparty to the previously announced agreement and plan of merger dated as
of January 27, 2025, pursuant to which a proposed business combination among HZJL Cayman Limited, Rising Dragon, Purchaser and Merger
Sub would occur. The Notes do not bear interest and mature upon closing of the Company’s initial
business combination. The proceeds of the Notes have been deposited in the Company’s trust account in connection with extending
the business combination completion window until May 15, 2026 . In addition, the Notes may be converted by the holder into units
of the Company identical to the units issued in the Company’s initial public offering at a price of $10.00 per unit.

The foregoing
description of the Notes is qualified in its entirety by reference to the full text of the Notes, copies of which are filed with this
Current Report on Form 8-K as Exhibits 10.1 and 10.2 and are incorporated herein by reference.

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Item 9.01. Financial
Statements and Exhibits

(c) Exhibits:

Exhibit

No.

Description

10.1

Form of Promissory Note

10.2

Form of Promissory Note

104

Cover Page Interactive Data File (embedded within the Inline XBRL document)

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