SOLAI Announces Receipt of Preliminary Non-Binding Going-Private Proposal

Core Viewpoint - SOLAI Limited has received a preliminary non-binding proposal from Chaince Digital Holdings Inc. to acquire all issued and outstanding Class A and Class B ordinary shares for a proposed price of US$0.03069 per Ordinary Share, which represents 110% of the Company's net asset value as of September 30, 2025 [1][1][1] Group 1: Proposal Details - The proposed purchase price of US$0.03069 per Ordinary Share translates to US$3.069 per American depositary share (ADS), with each ADS representing 100 Class A ordinary shares [1][1] - The final purchase price will be adjusted to reflect 110% of the NAV per Ordinary Share as of the most recent quarter-end date before the transaction closes, with a price cap of US$3.20 per ADS [1][1][1] Group 2: Company Background - SOLAI Limited, previously known as BIT Mining Limited, is a technology-driven personal AI and digital infrastructure provider, focusing on large-scale hardware deployment and data center operations [1][1] - The company aims to build foundational infrastructure for personal and digital assets globally, leveraging its experience in digital asset mining and blockchain network operations [1][1][1]