UCLOUDLINK GROUP INC. to Refrain From Capital Raising Activities under Form F-3 Registration Statement to Focus on Long-Term Value Creation

Core Viewpoint - UCLOUDLINK GROUP INC. has decided not to conduct any financing activities under its existing Form F-3 registration statement until its expiration on August 7, 2025, and will not renew the registration statement, committing not to file any new registration statement on Form F-3 until the end of Q1 2026 [1][2] Company Strategy and Performance - The Form F-3 registration statement was initially filed in 2021 to prepare for the impact of the COVID-19 pandemic on the company's international data connectivity business and cash flow [2] - The company has achieved steady growth in net operating cash inflows and improved financial results for three consecutive years (2022–2024) by enhancing cost controls, streamlining operations, optimizing R&D, and accelerating product commercialization [2] - UCLOUDLINK will focus on the growth of core business components, including GlocalMe MBB/FBB, GlocalMe Life, GlocalMe SIM, and GlocalMe IoT, while expanding into high-potential markets [2] Industry Position - UCLOUDLINK is recognized as the world's first and leading mobile data traffic sharing marketplace, pioneering the sharing economy model in the telecommunications industry [3] - The company's innovative cloud SIM technology allows users to access mobile data traffic shared by network operators, providing reliable connectivity, high speeds, and competitive pricing [3]