Explanation of Responses:

1. On October 9, 2026, the reporting person entered into a securities purchase agreement in a private placement to acquire (i) 300,000 Class A ordinary shares, par value US$0.00125 per share, at a purchase price of US$2.00 per Class A ordinary share, and (ii) 300,000 warrants, each exercisable for four Class A ordinary shares at an exercise price of US$0.01 per underlying warrant share. On October 9, 2026, the 300,000 warrants were concurrently exercised into 1,200,000 Class A ordinary shares, which are reflected in Table I.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.