The planned share retirement is expected to reduce the Company's currently outstanding ordinary shares by approximately 13% and is related to the rescission and termination agreement entered into on May 29, 2026, in connection with the previously announced KWM-Solaire transaction.

Upon completion of the share return, the Company intends to formally retire and cancel the shares in accordance with applicable law and corporate procedures.

Management believes the planned reduction in outstanding shares reflects the Company's ongoing efforts to streamline its corporate structure as it advances its strategic transition toward AI infrastructure investments, including data centers, compute resources, and AI-related technologies.

The Company expects to provide additional updates regarding the share retirement process and related corporate developments as appropriate.