Item 4 — Purpose of Transaction
The Reporting Persons acquired the securities reported herein in connection with the transactions contemplated by the Share Acquisition Agreement, dated May 17, 2025, as amended by Amendment No. 1 thereto. Pursuant to Amendment No. 1, the parties, among other things, (i) provided for Ming Kai Trading International Limited's exercise of warrants to acquire an aggregate of 3,050,000 ordinary shares of the Issuer, consisting of 2,000,000 shares underlying maximum eligibility warrants and 1,050,000 shares underlying pre-funded warrants, and (ii) amended the warrants to waive the beneficial ownership limitation and remove the sixty-one (61) day waiting period to permit full exercise. The securities reported herein were acquired as consideration in connection with the acquisition transaction contemplated by the Share Acquisition Agreement, as amended. The Reporting Persons may from time to time review their investment and, subject to applicable law, may acquire additional securities, dispose of securities, or engage in discussions with the Issuer regarding its business, governance, capitalization, strategic alternatives or other matters. Except as described herein, the Reporting Persons have no current plans or proposals that would result in any of the matters listed in Item 4(a) through (j) of Schedule 13D.