The following table sets forth the summary of restricted share activities to individuals the year ended December 31, 2025: | | | | | | | | | Weighted-Average | | | Number of Restricted | | Grant Date Fair | | | Shares Granted | | Value (US$) | Unvested as of January 1, 2025 | | — | | — | Awarded | | 4,563,745 | | 2.9093 | Including: | | | | | Awarded to directors and non-director employees | | 823,745 | | 0.5301 | Awarded to non-employee consultants | | 3,740,000 | | 2.3792 | Vested | | (4,563,745) | | (2.9093) | Outstanding at December 31, 2025 | | — | | — |
The following table sets forth the summary of restricted share activities to third-party companies the year ended December 31, 2025: | | | | | | | | | Weighted-Average | | | Number of Restricted | | Grant Date Fair | | | Shares Granted | | Value (US$) | Unvested as of January 1, 2025 | | — | | — | Awarded | | 633,529 | | 6.6200 | Including: | | | | | Awarded to Grand Fortune | | 583,529 | | 6.0975 | Awarded to J.V.B. | | 50,000 | | 0.5225 | Vested | | (633,529) | | (6.6200) | Outstanding at December 31, 2025 | | — | | — |
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