CAI Corp. has completed a series of discloseable and connected transactions involving the subscription of new shares as part of proposed acquisitions. Under the terms of the transaction, Longling Capital, wholly owned by Mr. Cai Wensheng, increased its shareholding from approximately 52.38% to 56.72% of CAI Corp.’s issued shares, following the issuance of new shares. As a result, the total number of issued shares rose from 1,979,550,411 to 2,178,328,188. Public shareholders’ proportion decreased from 47.62% to 43.28%. In addition, CAI Corp. acquired approximately 9.09% equity interest in Forestheaven and 3.15% equity interest in EXIO. The acquired companies will not become subsidiaries, and their financial results will not be consolidated into CAI Corp.'s financial statements.

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