On April 22, 2026, the Company granted an aggregate of 400,000 shares of its common stock to certain directors and employees of the Company pursuant to its equity incentive plan, including 165,000 shares granted to George Kai Chu, a director of the Company. The Company valued these shares at US$0.765 per share, the closing bid price of the Company’s common stock on the grant date of these shares. Of the 400,000 shares of common stock granted, 100,000 shares was granted to an employee in exchange for services for a 12-month period, which we recorded approximately US$0.08 million as a prepayment. Total compensation expense amortized was approximately US$0.01 million for the six and three months ended June 30, 2026. The remaining 300,000 shares of common stock granted was issued to directors and employees of the Company for services provided and these shares were valued at the closing bid price of the Company’s common stock on the respective date of the grant with total compensation expenses of approximately US$0.23 million.

In August 2024, the Company granted and issued approximately 0.18 million fully-vested and non-forfeitable shares of the Company restricted common stock to business and financial consultants in exchange for their service for a 12-month period until August 2025. The Company valued these shares at the closing bid price of the Company’s common stock on the grant date of these shares and recorded the related total cost of approximately US$0.35 million as a prepayment upon the grant and issuance of these shares. Total compensation expenses amortized was approximately US$0.29 million and US$0.14 million for the six and three months ended June 30, 2025.

The table below summarized share-based compensation expenses recorded for the six and three months ended June 30, 2026 and 2025, respectively: