GlobalBlock Announces Name Change and Consolidation

Group 1 - The company intends to change its name to "BLOK Digital Ltd." and consolidate its share capital on a basis of 4.8 pre-consolidation common shares for each one post-consolidation common share [1][2] - The Board of Directors and shareholders have approved the name change and consolidation during the annual general and special meeting held on August 13, 2025 [1][2] - The company's stock symbol will remain "BLOK" after the consolidation [1] Group 2 - Currently, the company has 86,313,741 common shares issued and outstanding, and after the consolidation, it expects to have approximately 17,982,029 common shares issued and outstanding [3] - No fractional shares will be issued as a result of the consolidation, and any fractional shares will be rounded up or down based on specific criteria [3]