NOTE 15 — SUBSEQUENT EVENTS

The Company has evaluated subsequent events through October 14, 2026, the date the condensed consolidated financial statements were available to be issued, and has determined that, other than the matters described below, no material subsequent events require recognition or disclosure.

On August 28, 2026, the Company filed a registration statement on Form S-3 (File No. 333-298648) with the U.S. Securities and Exchange Commission (the “SEC”), as amended on October 9, 2026 (the “Form S-3”). The Form S-3 is an unallocated universal shelf registration statement under which the Company may offer and sell, following effectiveness, from time to time in one or more offerings, up to an aggregate offering price of $300,000,000 of its Class A common stock, preferred stock, debt securities, warrants, rights and units, or any combination thereof. The Form S-3 relates solely to securities offered and sold by the Company. The Company intends to use the net proceeds from any offering under the Form S-3 as set forth in the applicable prospectus supplement. As of the date of this report, no securities had been sold under the Form S-3. As of the filing date of this quarterly report on Form 10-Q, the Form S-3 has not been declared effective by the US Securities and Exchange Commission and no securities have been issued or sold under the Form S-3.

On September 2, 2026, the Company held its 2026 Annual Meeting of Stockholders (the “2026 Annual Meeting”). At the 2026 Annual Meeting, the Company’s stockholders (i) re-elected Huan Liu, Yidan Chen, Huaqin He, Jianing Lu and Huanhuan Tian as directors, each to serve until the Company’s next annual meeting of stockholders or until their respective successors are duly elected or appointed; (ii) ratified the appointment of Audit Alliance LLP as the Company’s independent registered public accounting firm for the fiscal year ending November 30, 2026; and (iii) approved the Elite Express Holding Inc. 2026 Stock Incentive Plan.

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