Ordinary Shares

Class A Ordinary Shares

Class B Ordinary Shares

Additional
paid-in
capital

Accumulated
other
comprehensive
income

Accumulated
deficit

Total
Shareholders’
equity

Number

Amounts

Number

Amounts

Amounts

Amounts

Amounts

Amounts

Balance as of January 1, 2025

1,636,807,084

16,368

741,254,447

7,413

79,883,038

1,975,487

(52,373,422

)

29,508,884

Net loss

—

—

—

—

—

—

(7,338,130

)

(7,338,130

)

Share-based compensation

—

—

—

—

2,903,701

—

—

2,903,701

Foreign currency translation adjustment, net
   of nil income taxes

—

—

—

—

—

(52,090

)

—

(52,090

)

Balance as of June 30, 2025

1,636,807,084

16,368

741,254,447

7,413

82,786,739

1,923,397

(59,711,552

)

25,022,365

Ordinary shares

Class A Ordinary
Shares

Class B Ordinary
Shares

Additional
paid-in

Accumulated
other
comprehensive
income

Accumulated
deficit

Total
Shareholders’
equity

Number

Amounts

Number

Amounts

capital

Amounts

Amounts

Amounts

Balance as of January 1, 2026

2,160,310,915

21,603

741,254,447

7,413

100,820,027

1,893,379

(84,876,067

)

17,866,355

Net loss

—

—

—

—

—

—

(11,126,180

)

(11,126,180

)

Share-based compensation

—

—

—

—

741,506

—

—

741,506

Issuance of escrowed reserve shares under the ATM Program

340,000,000

3,400

(3,400

)

—

—

—

Share issuance from vest of restricted shares units

19,582,000

196

(196

)

—

—

—

Share issuance upon followed-up offering, net of issuance costs of US$894,379

280,000,000

2,800

3,477,822

—

—

3,480,622

Foreign currency translation adjustment, net
   of nil income taxes

—

—

—

—

—

(524,335

)

—

(524,335

)

Balance as of June 30, 2025

2,799,892,915

27,999

741,254,447

7,413

105,035,759

1,369,044

(96,002,247

)

10,437,968