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SOLAI Limited (NYSE: SLAI) plans 700-for-1 share consolidation, capital hike

(Neutral)
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

SOLAI Limited has called an extraordinary general meeting for August 14, 2026 in Akron, Ohio, for shareholders of record as of July 20, 2026. Holders of American Depositary Shares may vote the underlying Class A ordinary shares through Deutsche Bank Trust Company Americas.

Shareholders are being asked to approve an increase in authorised share capital from US$1,940,000 to US$3,500,020,006.525 by creating additional Class A ordinary, Class A preference, Class A II preference and Class B ordinary shares. Conditional on that increase, the company proposes a 700-for-1 share consolidation, after which authorised capital would comprise 100,000,000,000 Class A ordinary shares, 93 Class A preference shares, 93 Class A II preference shares and 571,429 Class B ordinary shares. A third proposal would eliminate fractional shares, rounding fractional Class A and preference holdings up and fractional Class B holdings down, which would cancel all issued Class B ordinary shares on the consolidation’s effective date. The board recommends voting in favor of all three proposals.

Positive

  • None.

Negative

  • None.

Filing Explained

This Form 6-K is an interim report, and its attached EGM materials are incorporated by reference into SOLAI’s Form F-3 registration statement; the filing records that incorporation but does not state that shares have been offered or sold.

EGM date and time August 14, 2026, 10:00 a.m. New York time Scheduled time of extraordinary general meeting in Akron, Ohio
Record date July 20, 2026 Shareholders of record on this date may attend and vote at the EGM
Current authorised share capital US$1,940,000 Before proposed Share Capital Increase
Proposed authorised share capital US$3,500,020,006.525 After proposed Share Capital Increase
Post-increase Class A authorised shares 70,000,000,000,000 Class A Ordinary Shares Authorised Class A ordinary shares after Share Capital Increase
Share consolidation ratio Every 700 shares into 1 share All authorised shares of par value US$0.00005 consolidated into shares of US$0.035
Post-consolidation Class A authorised shares 100,000,000,000 Class A Ordinary Shares Authorised Class A ordinary shares after 700-for-1 consolidation
Votes per Class A II Preference Share 400,000 votes per share Voting power on a poll at the EGM for Class A II preference shares
Extraordinary General Meeting regulatory
"NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of SOLAI Limited"
authorised share capital financial
"The Board of Directors proposes to increase the authorised share capital of the Company"
The maximum number of shares a company is legally allowed to create under its founding documents. Think of it like the size of an empty container: it sets the upper limit on how many ownership pieces the company can hand out, which matters to investors because it controls how easily a company can raise cash, dilute existing owners, or change voting power without a formal legal change.
share consolidation financial
"consolidate every 700 of the Company’s authorised shares into 1 share"
Share consolidation is a process where a company reduces the total number of its shares by combining multiple existing shares into a smaller number of higher-value shares. This can make each share more expensive and potentially improve the company’s image. For investors, it often means their ownership remains the same, but the value of each share increases, which can influence how the stock is perceived and traded.
fractional shares financial
"have no fractional shares issued in connection with the Share Consolidation"
Fractional shares are portions of a whole share of a stock or fund, allowing investors to own less than one full unit. They make it possible to invest a specific dollar amount rather than buy whole shares, like buying a slice of a pizza instead of the entire pie. For investors this lowers the cost barrier, helps with diversification, and lets you reinvest dividends or purchase expensive stocks in small, precise amounts.
American Depositary Shares financial
"Holders of the Company’s American Depositary Shares who wish to exercise their voting rights"
American depositary shares (ADSs) are a way for investors in the United States to buy shares of foreign companies without dealing with international markets directly. They represent ownership in a foreign company's stock and are traded on U.S. stock exchanges, making it easier for American investors to buy, sell, and own parts of companies from around the world.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

When is SOLAI Limited’s (SLAI) extraordinary general meeting and who can vote?

The extraordinary general meeting is on August 14, 2026 at 10:00 a.m. New York time. Shareholders of record as of July 20, 2026, including holders of ordinary and preference shares, may attend and vote, subject to the procedures described for ADS holders.

What key proposals will SOLAI (SLAI) shareholders vote on at the 2026 EGM?

Shareholders will vote on three proposals: increasing authorised share capital, a 700-for-1 share consolidation, and specific treatment of fractional shares. The board of directors recommends voting in favor of each of these resolutions at the extraordinary general meeting.

How will SOLAI (SLAI) change its authorised share capital if Proposal 1 is approved?

Authorised share capital would rise from US$1,940,000 to US$3,500,020,006.525. This is achieved by creating 69,961,600,130,000 additional Class A ordinary shares plus small increases in Class A preference, Class A II preference and Class B ordinary share authorisations.

What does SOLAI’s (SLAI) 700-for-1 share consolidation proposal involve?

Every 700 authorised shares of par value US$0.00005 would consolidate into 1 share of par value US$0.035. After this, authorised capital would total US$3,500,020,006.525, including 100,000,000,000 Class A ordinary shares and 571,429 Class B ordinary shares.

How will fractional shares be treated under SOLAI’s (SLAI) Proposal 3?

No fractional shares will be issued after the consolidation. Fractional Class A ordinary and preference holdings will be rounded up to the nearest whole share, while fractional Class B ordinary shares will be rounded down, canceling all issued Class B ordinary shares on the effective date.

How can holders of SOLAI (SLAI) American Depositary Shares vote at the EGM?

ADS holders cannot vote directly at the meeting but may instruct Deutsche Bank Trust Company Americas. The depositary, as record holder of the underlying Class A ordinary shares, will endeavor to vote those shares in line with properly received ADS voting instructions.

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 OF

THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of July 2026

 

Commission File Number: 001-36206

 

SOLAI Limited

 

428 South Seiberling Street

Akron, Ohio 44306

United States of America

+1 (346) 204-8537

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F x          Form 40-F ¨

 

 

 

 

 

 

EXPLANATORY NOTE

 

This report on Form 6-K, including the documents attached as Exhibits 99.1, 99.2, 99.3 and 99.4 to this report on Form 6-K, is hereby incorporated by reference into the Company’s Registration Statement on Form F-3, as amended, filed with the U.S. Securities and Exchange Commission on May 16, 2025 (Registration No. 333-287337), and shall be a part thereof from the date on which this current report is furnished, to the extent not superseded by documents or reports subsequently filed or furnished.

 

 

 

 

TABLE OF CONTENTS

 

Exhibit 99.1 Press Release - SOLAI Limited Announces Extraordinary General Meeting
   
Exhibit 99.2 2026 EGM Notice
   
Exhibit 99.3 2026 EGM Proxy Statement
   
Exhibit 99.4 2026 EGM Proxy Form

 

 

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  SOLAI Limited
     
  By: /s/ Xianfeng Yang
  Name: Xianfeng Yang
  Title: Chief Executive Officer

 

Date: July 24, 2026

 

 

 

 

Exhibit 99.1

 

SOLAI Limited Announces Extraordinary General Meeting

 

AKRON, Ohio, July 24, 2026 /PRNewswire/ – SOLAI Limited (NYSE: SLAI) (“SOLAI” or the “Company”) (previously known as “BIT Mining Limited”), a technology-driven personal AI and digital infrastructure provider, today announced that it will hold its extraordinary general meeting of shareholders at 428 South Seiberling Street, Akron, Ohio, US on August 14, 2026 at 10:00 a.m., New York time.

 

Holders of record of ordinary shares and preference shares of the Company at the close of business on July 20, 2026, New York time (the “Record Date”) are entitled to receive notice of, and to attend and vote at, the extraordinary general meeting or any adjournment thereof. Holders of the Company’s American Depositary Shares (“ADSs”) who wish to exercise their voting rights for the underlying ordinary shares must act through the depositary of the Company’s ADS program, Deutsche Bank Trust Company Americas.

 

The notice of the extraordinary general meeting, which sets forth the resolutions to be submitted to shareholder approval at the extraordinary general meeting is available on the Investor Relations section of the Company’s website at https://ir.solai.com.

 

About SOLAI Limited

 

SOLAI Limited (previously known as “BIT Mining Limited”) (NYSE: SLAI) (previously traded under “BTCM”) is a technology-driven personal AI and digital infrastructure provider. Building upon its historical legacy in digital asset mining and blockchain network operations, the Company is leveraging extensive experience in large-scale hardware deployment, data center operations, and high-performance computing to build the foundational infrastructure for personal AI computing and digital asset ecosystems globally.

 

For more information:

 

SOLAI Limited

ir@solai.com

ir.solai.com

www.solai.com

 

Christensen Advisory

Jason Ng

Tel: +852-2117-0861

Email: solai@christensencomms.com

 

 

 

 

Exhibit 99.2

 

 

SOLAI limited

(incorporated in the Cayman Islands with limited liability)

 

NOTICE OF EXTRAORDINARY GENERAL MEETING

to be held on August 14, 2026

 

NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting (“EGM”) of SOLAI Limited (the “Company”) will be held at 428 South Seiberling Street, Akron, Ohio, US on August 14, 2026 at 10:00 a.m., New York time for the following purposes:

 

·To consider and, if thought fit, pass the following resolutions:

 

1.as an ordinary resolution that with effect immediately, the authorised share capital of the Company be increased from US$1,940,000 divided into 38,399,870,000 Class A Ordinary Shares of a nominal or par value of US$0.00005 each, 65,000 Class A Preference Shares of a nominal or par value of US$0.00005 each, 65,000 Class A II Preference Shares of a nominal or par value of US$0.00005 each and 400,000,000 Class B Ordinary Shares of a nominal or par value of US$0.00005 each, to US$3,500,020,006.525 divided into 70,000,000,000,000 Class A Ordinary Shares of a nominal or par value of US$0.00005 each, 65,100 Class A Preference Shares of a nominal or par value of US$0.00005 each, 65,100 Class A II Preference Shares of a nominal or par value of US$0.00005 each and 400,000,300 Class B Ordinary Shares of a nominal or par value of US$0.00005 each, by the creation of 69,961,600,130,000 Class A Ordinary Shares of a nominal or par value of US$0.00005 each, 100 Class A Preference Shares of a nominal or par value of US$0.00005 each, 100 Class A II Preference Shares of a nominal or par value of US$0.00005 each and 300 Class B Ordinary Shares of a nominal or par value of US$0.00005 each (the “Share Capital Increase”).

 

2.as a special resolution that conditional upon and effective immediately following the Share Capital Increase, every 700 of the Company’s authorised shares (whether issued or unissued) of a nominal or par value of US$0.00005 each be consolidated into 1 share of a nominal or par value of US$0.035 each (the “Share Consolidation”), such that following the Share Consolidation, the authorised share capital of the Company shall be changed from US$3,500,020,006.525 divided into 70,000,000,000,000 Class A Ordinary Shares of a nominal or par value of US$0.00005 each, 65,100 Class A Preference Shares of a nominal or par value of US$0.00005 each, 65,100 Class A II Preference Shares of a nominal or par value of US$0.00005 each and 400,000,300 Class B Ordinary Shares of a nominal or par value of US$0.00005 each to US$3,500,020,006.525 divided into 100,000,000,000 Class A Ordinary Shares of a nominal or par value of US$0.035 each, 93 Class A Preference Shares of a nominal or par value of US$0.035 each, 93 Class A II Preference Shares of a nominal or par value of US$0.035 each and 571,429 Class B Ordinary Shares of a nominal or par value of US$0.035 each.

 

3.as a special resolution that conditional upon and effective immediately following the Share Consolidation, no fractional shares shall be issued in connection with the Share Consolidation and all fractional Class A Ordinary Shares, Class A Preference Shares and Class A II Preference Shares (after aggregating all fractional Class A Ordinary Shares, Class A Preference Shares and Class A II Preference Shares that would otherwise be received by a shareholder) resulting from the Share Consolidation shall instead be rounded up to the nearest whole number of shares, whereas all fractional Class B Ordinary Shares resulting from the Share Consolidation shall instead be rounded down, resulting in the cancellation of all of the issued Class B Ordinary Shares of the Company as of the effective date of the Share Consolidation (the “Treatment of Fractional Shares”).

 

 

 

 

(Terms used but not defined in this Notice shall have the same meaning as those defined in the Proxy Statement attached)

 

·To consider and transact such other business as may properly come before the EGM or any adjournment or adjournments thereof.

 

The Board of Directors of the Company has fixed the close of business on July 20, 2026, New York time as the record date (the “Record Date”) for determining the shareholders entitled to receive notice of, and to attend and vote at, the EGM or any adjourned meeting thereof. Holders of record of the Company’s ordinary shares, Class A preference shares and Class A II preference shares at the close of business on the Record Date are entitled to attend and vote at the EGM and any adjourned meeting thereof. Holders of the Company’s American Depositary Shares (“ADSs”) who wish to exercise their voting rights for the underlying shares must act through Deutsche Bank Trust Company Americas, the depositary of the Company’s ADS program.

 

Please refer to the Proxy Form, which is attached to and made a part of this notice. The Proxy Statement is also available for viewing on the Investor Relations section of our website at https://ir.solai.com/.

 

Holders of record of the Company’s ordinary shares and preference shares as of the Record Date are cordially invited to attend the EGM in person. Your vote is important. If you cannot attend the EGM in person, you are urged to complete, sign, date and return the accompanying proxy form as promptly as possible. We must receive the proxy form no later than 48 hours before the time of the EGM to ensure your representation at such meeting.

 

Shareholders may obtain a copy of the Company’s annual report, free of charge, from the Company’s website at https://ir.solai.com and on the SEC’s website at www.sec.gov, or by contacting SOLAI Limited at 428 South Seiberling Street, Akron, Ohio, US, attention: Youwei Yang, telephone: +1 (785) 317-7156, email: ir@solai.com.

 

  By Order of the Board of Directors,
   
  /s/ Law, Man San Vincent
  Law, Man San Vincent
  Chairman

 

Akron, Ohio, US

July 24, 2026

 

 

 

 

Exhibit 99.3

 

SOLAI LIMITED

 

428 South Seiberling Street

Akron, Ohio

United States of America

 

PROXY STATEMENT

 

General

 

The board of directors of SOLAI Limited (the “Company”) is soliciting proxies for the extraordinary general meeting of shareholders of the Company to be held on August 14, 2026 at 10:00 a.m., New York time (the “EGM”). The EGM will be held at 428 South Seiberling Street, Akron, Ohio, United States of America.

 

This Proxy Statement and the proxy form can be accessed, free of charge, on the Investor Relations section of the Company’s website at http://ir.solai.com/.

 

Record Date, Share Ownership and Quorum

 

Only holders of the Company’s Class A ordinary shares, par value US$0.00005 per share (“Class A Ordinary Shares”), Class B ordinary shares, par value US$0.00005 per share (“Class B Ordinary Shares”), Class A preference shares, par value US$0.00005 per share (“Class A Preference Shares”) and Class A II preference shares, par value US$0.00005 per share (“Class A II Preference Shares”, and together with Class A Ordinary Shares, Class B Ordinary Shares and Class A Preference Shares, “Shares”) of record at the close of business on July 20, 2026, New York time (the “Record Date”) are entitled to attend and vote at the EGM. Holders of American Depositary Shares (“ADSs”) issued by Deutsche Bank Trust Company Americas and representing the Company’s Class A Ordinary Shares are not entitled to attend or vote at the EGM. These holders of ADSs will be able to instruct Deutsche Bank Trust Company Americas, the holder of record of such Class A Ordinary Shares (through a nominee), as to how to vote the Class A Ordinary Shares which are represented by such ADSs, and which Deutsche Bank Trust Company Americas, as depositary of the ADSs, will endeavor, to the extent practicable and legally permissible, to vote or cause to be voted at the EGM in accordance with the instructions which it has properly received from such ADS holders.

 

One or more shareholders holding in aggregate not less than one-third of the voting power of the Shares of the Company in issue carrying a right to vote at such meeting, present in person or by proxy or, if a corporation or other non-natural person, by its duly authorized representative or proxy and entitled to vote shall be a quorum for all purposes.

 

 

 

 

Voting and Solicitation

 

Each Class A Ordinary Share, Class B Ordinary Share, Class A Preference Share and Class A II Preference Share issued and outstanding as of the close of business on the Record Date is entitled to one vote, ten votes, 10,000 votes and 400,000 votes, respectively, on a poll. On a show of hands, every shareholder present in person and every person representing a shareholder by proxy shall each have one vote. A resolution put to the vote at the EGM will be decided on a show of hands unless (before or on the declaration of the result of the show of hands) a poll is demanded by (i) the chairman of the EGM, or (ii) any one or more shareholders, holding one-tenth of the paid-up Shares given a right to vote at such meeting or one-tenth of the total voting rights entitled to vote at such meeting, present in person or by proxy or, in the case of a shareholder being a corporation or other non-natural person, by its duly authorized representative or by proxy.

 

Copies of solicitation materials will be furnished to all holders of Shares and ADSs of the Company, including banks, brokerage houses, fiduciaries and custodians holding in their names Shares or ADSs beneficially owned by others to forward to those beneficial owners.

 

Voting by Holders of Shares

 

When proxy forms are properly dated, executed and returned by holders of Shares, the Shares they represent will be voted by the proxy holder at the EGM, or at any adjournment thereof, in accordance with the instructions of the shareholder. If no specific instructions are given in such proxy forms, the proxy holder will vote in the discretion of such proxy holder and, where the chairman of the EGM is the proxy holder, he will vote in favor of the items set forth in the proxy form. The proxy holder will also vote in the discretion of such proxy holder on any other matters that may properly come before the EGM, or at any adjournment thereof. Abstentions by holders of Shares are not included in the determination of the number of Shares present and voting for the purposes of determining whether such resolution has been passed (but will be counted for the purposes of determining the quorum, as described above).

 

Voting by Holders of ADSs

 

As the holder of record for all the Class A Ordinary Shares represented by the ADSs (through a nominee), only Deutsche Bank Trust Company Americas may vote those Class A Ordinary Shares at the EGM.

 

We have requested Deutsche Bank Trust Company Americas, as depositary of the ADSs, to distribute to all owners of ADSs at the close of business on the Record Date an ADS voting card. Upon the timely receipt from an owner of record of ADSs of written voting instructions in the manner specified, Deutsche Bank Trust Company Americas will endeavor, to the extent practicable and legally permissible, to vote or cause to be voted the number of Class A Ordinary Shares represented by the ADSs in accordance with such voting instructions. Under the terms of the deposit agreement for the ADSs (the “Deposit Agreement”), Deutsche Bank Trust Company Americas will not vote or attempt to exercise the right to vote other than in accordance with such voting instructions or such deemed instructions as further described below.

 

There is no guarantee that holders of the ADSs or any such holder in particular will receive the notice described above with sufficient time to enable such holder to return any voting instructions to Deutsche Bank Trust Company Americas in a timely manner, in which case the Class A Ordinary Shares underlying your ADSs may not be voted in accordance with your wishes.

 

 

 

 

Revocability of Proxies and ADS Voting Cards

 

Any proxy given by a holder of Shares by means of a proxy form, and any voting instructions given by an ADS holder by means of an ADS voting card, pursuant to this solicitation may be revoked: (a) for holders of Shares or ADSs, by submitting a written notice of revocation or a fresh proxy form or ADS voting card, as the case may be, bearing a later date, which must be received no later than at least 48 hours before the time of the EGM, or (b) for holders of Shares only, by attending the EGM and voting in person.

 

PROPOSAL 1

 

THE INCREASE OF THE AUTHORISED SHARE CAPITAL OF THE COMPANY

 

The Board of Directors proposes to increase the authorised share capital of the Company from US$1,940,000 divided into 38,399,870,000 Class A Ordinary Shares of a nominal or par value of US$0.00005 each, 65,000 Class A Preference Shares of a nominal or par value of US$0.00005 each, 65,000 Class A II Preference Shares of a nominal or par value of US$0.00005 each and 400,000,000 Class B Ordinary Shares of a nominal or par value of US$0.00005 each, to US$3,500,020,006.525 divided into 70,000,000,000,000 Class A Ordinary Shares of a nominal or par value of US$0.00005 each, 65,100 Class A Preference Shares of a nominal or par value of US$0.00005 each, 65,100 Class A II Preference Shares of a nominal or par value of US$0.00005 each and 400,000,300 Class B Ordinary Shares of a nominal or par value of US$0.00005 each, by the creation of 69,961,600,130,000 Class A Ordinary Shares of a nominal or par value of US$0.00005 each, 100 Class A Preference Shares of a nominal or par value of US$0.00005 each, 100 Class A II Preference Shares of a nominal or par value of US$0.00005 each and 300 Class B Ordinary Shares of a nominal or par value of US$0.00005 each (the “Share Capital Increase”).

 

The board of directors recommends a vote “FOR” THE ORDINARY RESOLUTION of the INCREASE OF THE AUTHORISED SHARE CAPITAL OF THE COMPANY.

 

 

 

 

PROPOSAL 2

 

THE SHARE CONSOLIDATION OF THE COMPANY

 

The Board of Directors proposes to, conditional upon and effective immediately following the Share Capital Increase, consolidate every 700 of the Company’s authorised shares (whether issued or unissued) of a nominal or par value of US$0.00005 each into 1 share of a nominal or par value of US$0.035 each (the “Share Consolidation”), such that following the Share Consolidation, the authorised share capital of the Company shall be changed from US$3,500,020,006.525 divided into 70,000,000,000,000 Class A Ordinary Shares of a nominal or par value of US$0.00005 each, 65,100 Class A Preference Shares of a nominal or par value of US$0.00005 each, 65,100 Class A II Preference Shares of a nominal or par value of US$0.00005 each and 400,000,300 Class B Ordinary Shares of a nominal or par value of US$0.00005 each to US$3,500,020,006.525 divided into 100,000,000,000 Class A Ordinary Shares of a nominal or par value of US$0.035 each, 93 Class A Preference Shares of a nominal or par value of US$0.035 each, 93 Class A II Preference Shares of a nominal or par value of US$0.035 each and 571,429 Class B Ordinary Shares of a nominal or par value of US$0.035 each.

 

The board of directors recommends a vote “FOR” THE special RESOLUTION of the SHARE CONSOLIDATION OF THE COMPANY.

 

PROPOSAL 3

 

THE TREATMENT OF FRACTIONAL SHARES OF THE COMPANY

 

Conditional upon and effective immediately following the Share Consolidation, the Board of Directors proposes to have no fractional shares issued in connection with the Share Consolidation and all fractional Class A Ordinary Shares, Class A Preference Shares and Class A II Preference Shares (after aggregating all fractional Class A Ordinary Shares, Class A Preference Shares and Class A II Preference Shares that would otherwise be received by a shareholder) resulting from the Share Consolidation shall instead be rounded up to the nearest whole number of shares, whereas all fractional Class B Ordinary Shares resulting from the Share Consolidation shall instead be rounded down, resulting in the cancellation of all of the issued Class B Ordinary Shares of the Company as of the effective date of the Share Consolidation.

 

The board of directors recommends a vote “FOR” THE special RESOLUTION of the TREATMENT OF FRACTIONAL SHARES OF THE COMPANY.

 

OTHER MATTERS

 

We know of no other matters to be submitted to the EGM. If any other matters properly come before the EGM, it is the intention of the persons named in the enclosed form of proxy to vote the Shares they represent as the board of directors may recommend.

 

  By Order of the Board of Directors,
 

  /s/ Law, Man San Vincent
 

Law, Man San Vincent

  Chairman
   
  Dated: July 24, 2026

 

 

 

 

Exhibit 99.4

 

SOLAI LIMITED

 

THIS PROXY IS SOLICITED ON BEHALF OF

THE BOARD OF DIRECTORS OF SOLAI LIMITED

FOR THE EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS

TO BE HELD ON AUGUST 14, 2026

 

The undersigned shareholders of SOLAI Limited, a Cayman Islands company (the “Company”), hereby acknowledges receipt of the notice (the “Notice”) of extraordinary general meeting of shareholders (the “EGM”) and proxy statement, each dated July 24, 2026, and hereby appoints the chairman of the EGM or ______________ as proxy, with full power to each of substitution, on behalf and in the name of the undersigned, to represent the undersigned at the EGM to be held on August 14, 2026 at 10:00 a.m., New York time, at 428 South Seiberling Street, Akron, Ohio, United States of America, and at any adjournment or adjournments thereof, and to vote all shares which the undersigned would be entitled to vote if then and there personally present, on the matters set forth below (i) as specified by the undersigned below and (ii) in the discretion of the proxy upon such other business as may properly come before the meeting, all as set forth in the Notice and in the proxy statement furnished herewith.

 

The shares in respect of which this proxy form is given (when properly executed and delivered to the mailing or e-mail address set forth below) will be voted by the proxy holder in the manner directed herein by the undersigned shareholder. If no direction is made, the proxy holder will vote in the discretion of such proxy holder and, where the chairman of the EGM is the proxy holder, he will vote the shares in respect of which this proxy form is given “FOR” the following proposal:

 

PROPOSAL 1: Increase of the authorised share capital of the Company (as set out in the Notice).

 

FOR AGAINST ABSTAIN
¨ ¨ ¨

 

PROPOSAL 2: Share consolidation of the Company (as set out in the Notice).

 

FOR AGAINST ABSTAIN
¨ ¨ ¨

 

PROPOSAL 3: Treatment of fractional shares of the Company (as set out in the Notice).

 

FOR AGAINST ABSTAIN
¨ ¨ ¨

 

Dated: ______________, 2026          
           
Shareholder Name:     Co-Owner (if any) Name:    
           
Print   Print    
           
Signature     Co-Owner (if any) Signature    

 

This proxy form must be signed by the person registered in the register of members as at the close of business on July 20, 2026, New York time, or his or her attorney duly authorized in writing or, in the case the appointer is a corporation, must be either under seal or executed under the hand of an officer or attorney or other person duly authorized to sign the same.

 

 

 

 

Whether or not you propose to attend the EGM in person, you are strongly advised to complete and return this form of proxy in accordance with the instructions herein.

 

To be valid, this form must be completed and deposited (together with any power of attorney or other authority under which it is signed or a notarially certified copy of that power or authority) with the Company: (i) by mail, to 428 South Seiberling Street, Akron, Ohio, United States of America, or (ii) by email, to ir@solai.com, in each case marked for the attention of Youwei Yang, as soon as possible and in any event not later than 10:00 a.m., New York time, on August 10, 2026.

 

Returning this completed form of proxy will not preclude you from attending the EGM and voting in person if you so wish.

 

NOTES

 

IF YOU HAVE EXECUTED A STANDING PROXY, YOUR STANDING PROXY WILL BE VOTED AS INDICATED IN NOTE 2 BELOW, UNLESS YOU ATTEND THE EGM IN PERSON OR COMPLETE AND SEND IN THIS FORM APPOINTING A SPECIFIC PROXY.

 

1.A proxy need not be a shareholder of the Company. A shareholder entitled to attend and vote at the EGM is entitled to appoint one or more proxies to attend and vote in his/her stead. Please insert the name of the person(s) of your own choice that you wish to be appointed proxy in the space provided, failing which the chairman of the EGM will be appointed as your proxy.

 

2.Any standing proxy previously deposited by a shareholder with the Company will be voted in favor of the resolution to be proposed at the EGM unless revoked prior to the EGM or the shareholder attends the EGM in person or completes and returns this form appointing a specific proxy.

 

3.If two or more persons are jointly registered as holders of a share, the vote of the senior person who tenders a vote, whether in person or by proxy, shall be accepted to the exclusion of the votes of other joint holders. For this purpose seniority shall be determined by the order in which the names stand on the Company’s register of members in respect of the relevant shares. The senior holder should sign this form, but the names of all other joint holders should be stated on the form in the space provided.

 

4.If this form is returned without an indication as to how the proxy shall vote, the proxy will exercise his/her discretion as to whether he/she votes and if so how.

 

5.This form of proxy is for use by shareholders only. If the appointor is a corporate entity this form of proxy must either be under its seal or under the hand of some officer or attorney duly authorized for that purpose.

 

6.Any alterations made to this form must be initialed by you.

 

7.A proxy may vote on a show of hands or on a poll.

 

 

 

Filing Exhibits & Attachments

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