Securities purchase agreement with an institutional investor for the sale of up to 1,428,572 Class A ordinary shares (par value $0.002 per share) (the "Ordinary Shares") and pre-funded warrants in a registered direct offering of its securities at a purchase price of $3.50 per Ordinary Share (or $3.498 per pre-funded warrant, representing the $3.50 per share purchase price less a $0.002 per share exercise price) (together, the "Securities"). The gross proceeds from the offering are expected to be $5.0 million, before deducting placement agent fees and other offering expenses. The Company intends to use the net proceeds from the offering for general working capital purposes. The closing of the offering is expected to occur on or about August 10, 2026, subject to the satisfaction of customary closing conditions.