Item 4 — Purpose of Transaction
Item 4 is hereby amended and supplemented as follows: On August 5, 2026, the Reporting Person and two companies controlled by the Reporting Person (collectively, the "Sellers") entered into a securities purchase agreement (the "Agreement") with ARC Group International Ltd., a Hong Kong company (the "Purchaser"), and the Issuer. Pursuant to the Agreement, the Sellers agreed to transfer and sell all of the Ordinary Shares and the Preferred Shares of the Issuer owned, directly and indirectly, by the Reporting Person to the Purchaser. Upon the satisfaction or waiver of all conditions set forth in the Agreement, the transaction closed on August 6, 2026, resulting in changes in the number of the Ordinary Shares and the Preferred Shares beneficially owned by the Reporting Person. Following the transaction, the Reporting Person ceased to be a record and beneficial owner of any Ordinary Shares or Preferred Shares of the Issuer, except that the Reporting Person has a future subscription right under certain circumstance as described in Item 6 below.