Indicate by check mark whether the registrant
files or will file annual reports under cover of Form 20-F or Form 40-F:
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.
Exhibit 99.1
SuperX Continues Share Repurchases to Demonstrate
Confidence in Long-Term Growth, Substantial APAC Orders Validate Growth Potential
SINGAPORE, September 3, 2026 — SuperX
AI Technology Limited (NASDAQ: SUPX) (“SuperX” or the “Company”), a Nasdaq-listed full-stack AI
infrastructure solutions provider, today updated the market on its share repurchase program. The Company’s ongoing secondary
market repurchases represent the strategic capital allocation decision made by the Board and management, driven by their firm
conviction in the Company’s intrinsic value and long-term growth prospects. The Company’s recent landmark contract wins
across the Asia-Pacific region and expanding global footprint validate its solid operational fundamentals and compelling growth
prospects, providing a strong foundation for its long-term development.
The Company’s Board of Directors
authorized a new share repurchase program (the “2026 Repurchase Program”) as of August 6, 2026, under which the Company
may repurchase up to US$20 million of its outstanding ordinary shares over the next twelve months. As of September 2, 2026, the
Company has repurchased 5,630 ordinary shares under the 2026 Repurchase Program at an average net repurchase price of US$7.9325 per
ordinary share.
The Board and management believe the Company’s
current market valuation does not fully capture its intrinsic value and long-term growth potential. Share repurchases serve as a key capital
allocation tool to enhance shareholder value while preserving sufficient financial flexibility and sustaining strategic investments in
core business expansion. The continued execution of repurchases demonstrates the Company’s confidence in its competitive strengths
and long-term growth prospects.
SuperX has delivered robust commercial progress across
the APAC region in 2026, with multiple landmark project wins validating its product competitiveness and global delivery capabilities.
According to the announcements made by the Company in August 2026, the Company’s Global Supply Center in Japan has ramped up stable
large-scale operations, securing four consecutive purchase orders from local key partner Digital Dynamic Inc. (DDI). Cumulative Pro6000
server shipments to DDI reached approximately US$38 million by late August 2026, with an additional US$20 million of new orders in backlog.
The Company has also secured a US$38.8 million NVIDIA B300 server cluster order from Woodman Inc., scheduled for delivery in mid-November
2026, further strengthening its foothold in Japan’s high-end AI infrastructure market. In a major strategic expansion, SuperX has
entered the Australian market by securing the inaugural batch of 128 NVIDIA B300 servers from local computing provider Ezisight, marking
its official penetration into the Oceania AI infrastructure sector.
Backed by its sophisticated overseas supply chain,
localized warehousing and scheduling systems, and integrated end-to-end delivery model, SuperX has successfully monetized next-generation
NVIDIA B300 high-performance computing solutions, earning broad market recognition for its full-stack AI infrastructure offerings. The
Company’s expanding order backlog and proven global project execution track record validate its resilient
fundamentals and clear growth path, supporting disciplined long-term strategy execution and capital allocation activities.
The repurchases
have been made from time to time in the open market at prevailing market prices, in privately negotiated transactions, in block trades,
and/or through other legally permissible means, in compliance with applicable securities laws, including the safe harbor provisions of
Rule 10b-18 under the U.S. Securities Exchange Act of 1934, as amended. Repurchases under the 2026 Repurchase Program may be made from
time to time in the open market or through privately negotiated transactions, in compliance with applicable securities laws, including
the safe harbor provisions of Rule 10b-18 under the U.S. Securities Exchange Act of 1934, as amended, and pursuant to Rule 10b5-1 trading
plans.
About
SuperX AI Technology Limited (NASDAQ: SUPX)
SuperX
AI Technology Limited is an AI infrastructure solutions provider, offering a comprehensive portfolio of proprietary hardware, advanced
software, and end-to-end services for AI data centers. The Company’s services include advanced solution design and planning, cost-effective
infrastructure product integration, and end-to-end operations and maintenance. Its core products include high-performance AI servers,
800 Volts Direct Current (800VDC) solutions, high-density liquid cooling solutions, as well as AI cloud and AI agents. Headquartered
in Singapore, the Company serves institutional clients globally, including enterprises, research institutions, and cloud and edge computing
deployments. For more information, please visit www.superx.sg
Safe
Harbor Statement
This press release may contain forward-looking statements. In addition, we or our representatives may from time to time make forward-looking
statements orally or in writing. These forward-looking statements are based on our expectations and projections about future events derived
from information currently available to us. You can identify forward-looking statements by their non-historical nature, particularly
by terms such as “may”, “should”, “expects”, “anticipates”, “estimates”, “believes”,
“plans”, “projects”, “potential”, or “hopes” and their negatives or similar expressions. In evaluating
these forward-looking statements, you should consider various factors including: our ability to obtain adequate and timely supply of GPUs and other components from
NVIDIA and other suppliers; our dependence on a limited number of customers and the timing of customer deliveries and data-centre readiness; our ability to
keep pace with new technologies and changing market demands; the competitive environment of our business; and the other risks described
in our most recent annual report on Form 20-F and other filings with the SEC. These and other factors
may cause actual results to differ materially from any forward-looking statements.
Forward-looking
statements are only predictions. Readers are cautioned not to place undue reliance on these forward-looking statements. The forward-looking
events discussed in this press release (including delivery timelines, capacity, order value, counterparty performance risks, potential
future capacity expansion and business collaboration opportunities, and other statements made by us or our representatives from time to
time) may not occur, and actual circumstances and results may differ materially. Actual delivery timelines and values for AI servers may
vary subject to customer data-center readiness and supply-chain conditions. We undertake no obligation to publicly update or revise any
forward-looking statements whether as a result of new information, future events or otherwise.
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