SOLAI (SLAI) Registration Filing summary

Company overview and business model

• Transitioned from a China-based lottery company to an international cryptocurrency mining enterprise since December 2020, focusing on mining, data center operations, and miner manufacturing.

• Main operations and assets are outside mainland China, with mining activities primarily in the U.S. and Ethiopia.

• Holds digital assets including Bitcoin, Dogecoin, Ethereum, USDT, and Litecoin, with aggregate fair value of $3.22 million as of April 30, 2025.

• No revenue-generating operations in China; Chinese subsidiaries provide administrative and IT support only.

Financial performance and metrics

• For the year ended December 31, 2024: produced 17.6 BTC ($1.1M revenue), 29,575 ETC ($0.8M), 88.2M DOGE and 25,084 LTC ($14.9M), and other cryptocurrencies ($0.3M).

• As of April 30, 2025, total hash rate capacity: 393.2 PH/s (BTC), 11,847.2 PH/s (DOGE/LTC).

• Aggregate market value of outstanding ordinary shares held by non-affiliates is approximately $28.4 million.

Use of proceeds and capital allocation

• Net proceeds from securities sales will be used as set forth in applicable prospectus supplements.

• Intends to reinvest all available funds and future earnings to fund business growth and expansion outside China; no plans to pay cash dividends in the foreseeable future.