Item 4 — Purpose of Transaction
Item 4. Purpose of Transaction. The Reporting Person acquired the shares of Common Stock reported herein based on the Reporting Person's belief that the shares represented an attractive investment. The Reporting Person has significant concerns regarding the Issuer's capital allocation and financing practices, including the dilutive effect on existing shareholders of the Issuer's equity financing activities and the application of proceeds from such activities to fund acquisitions, including the acquisition of a 97% interest in Hongkong Best Life Trade Co., Limited announced by the Issuer on July 27, 2026 and completed on July 30, 2026, with $30 million of the purchase price paid in USDT (Tether). The Reporting Person also has concerns regarding the terms on which the Issuer has raised capital and any participation by related parties in the Issuer's financings. In addition, the Reporting Person believes the Issuer possesses strategic value as a public vehicle that could be restructured or repurposed as an acquisition vehicle (or SPAC-like structure) focused on acquiring, developing, or operating high-value production and exploration assets within the critical minerals and natural resources sector. The Reporting Person intends to engage in discussions with the Issuer's Board of Directors, management team, other shareholders, and potential strategic partners regarding: 1. Capital Allocation & Governance: Reviewing capital-raising practices, use of proceeds, corporate governance, and terms of related-party transactions. 2. Critical Minerals Strategy: Exploring operational or corporate pivot strategies to transition or utilize the Issuer's platform for critical minerals assets. 3. Books and Records Demand: Seeking to inspect the Issuer's books and records, including via a demand pursuant to Section 220 of the Delaware General Corporation Law. Depending on various factors -- including the Issuer's response to these discussions, the Issuer's financial condition and prospects, the price and availability of the Issuer's securities, and general market and economic conditions -- the Reporting Person may from time to time take such actions with respect to the investment as deemed appropriate. These actions may include, without limitation: communicating with other shareholders or third parties; making proposals concerning capitalization, governance, asset acquisitions, or operational focus; nominating or supporting candidates for election to the Board of Directors; acquiring additional securities; disposing of some or all securities; or changing intentions with respect to any of the matters referred to in this Item 4. Except as set forth in this Item 4, the Reporting Person has no present plans or proposals that relate to or would result in any of the actions or transactions described in subparagraphs (a) through (j) of Item 4 of Schedule 13D. The Reporting Person reserves the right to change plans or intentions and to take any and all actions deemed appropriate, subject to applicable law.