SOLAI Limited Receives Continued Listing Notice from NYSE; Announces Changes to its Board of Directors

Core Viewpoint - SOLAI Limited has received a continued listing notice from the NYSE due to non-compliance with minimum share price requirements, while also announcing changes to its Board of Directors [1] Company Compliance and Listing Status - On January 29, 2026, SOLAI Limited was notified by the NYSE that it was not in compliance with continued listing standards as the average closing price of its American Depositary Shares (ADSs) was below US$1.00 over a consecutive 30 trading-day period [1] - The company has a six-month "Cure Period" to regain compliance, during which it must achieve a closing price of at least US$1.00 on the last trading day of any calendar month [1] - The notice does not have an immediate impact on the listing of the company's ADSs, which will continue to be traded on the NYSE, and the company remains compliant with all other NYSE continued listing standards [1] Board of Directors Changes - Mr. Qian Sun has resigned as an independent director for personal reasons, effective immediately, and his resignation does not involve any disagreement with the Board [1] - Mr. Zhan Chen has been appointed as an independent director, effective immediately, and he meets the independence criteria set forth by the NYSE and the Securities Exchange Act [1] - Mr. Chen brings extensive experience in the consumer, technology, and fintech sectors, having founded and led multiple ventures, including Open Mouth Food Inc. and Boba Labs Inc. [1] Company Overview - SOLAI Limited, previously known as BIT Mining Limited, is a technology-driven cryptocurrency infrastructure company expanding into blockchain-based ecosystems, including AI, stablecoins, and payment infrastructure [1] - The company aims to enhance on-chain efficiency and expand participation across Solana and other blockchain ecosystems [1]