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SOLAI Limited's Extraordinary General Meeting: Key Takeaways

On August 17, 2026, SOLAI Limited (OTC Pink: SLAIY), formerly known as BIT Mining Limited, announced the results of its extraordinary general meeting (EGM) conducted on August 14, 2026. The meeting was a significant event for the shareholders, leading to vital resolutions regarding the company’s capital structure and share consolidation.

Increase in Authorized Share Capital

One of the major outcomes of the EGM was the approval to expand the authorized share capital of SOLAI. Prior to the meeting, the capital stood at US$1,940,000, divided into nearly 39 billion Class A ordinary shares, 65,000 Class A preference shares, and 400 million Class B ordinary shares. Following the successful vote, the authorized capital was increased to over US$3.5 billion, spread across an immense 70 trillion Class A ordinary shares alongside other classes of preferences shares.

This ambitious effort to create over 69 trillion additional Class A ordinary shares reflects SOLAI's aspiration to strengthen its financial foundation, tapping into its potential for growth as a technology-driven provider of personal AI solutions and digital infrastructure.

Share Consolidation Plan

In conjunction with the increased authorized capital, an extraordinary plan to consolidate shares was also embraced. The resolution dictates that every 700 shares of the existing authorized shares will be transformed into a single share of the nominal value of US$0.035. This consolidation is expected to streamline the company’s stock value, potentially enhancing market perception and improving share liquidity post-execution.

The consolidation does not permit fractional shares to be issued, which means that any fractions resulting from the change will be adjusted accordingly – rounding up for Class A shares and rounding down for Class B ordinary shares. Consequently, all fractional Class B shares will be canceled as of the effective date of the consolidation.

Looking Beyond the Meeting

This strategic move signals a proactive approach from SOLAI to adapt to changing market conditions and showcase its ambitions in the digital realm, particularly in the areas of AI and blockchain technologies. By evolving its financial architecture, SOLAI aims to prepare itself for future opportunities while also enhancing shareholder value.

Investors and shareholders are looking forward to future updates from SOLAI, especially as the company positions itself at the nexus of technology and innovation in AI. The increase in capital and consolidation of stocks could serve as a meaningful catalyst for the company's next chapter, as it seeks to expand its global reach and operational capabilities further.

About SOLAI Limited

As a technology-focused entity, SOLAI Limited is taking significant strides in personal AI and digital infrastructure, establishing itself as a leading provider in the burgeoning digital asset ecosystems. With its historical focus on digital asset mining, the company leverages its vast experience in hardware deployment and data center operations, ensuring prosperity in personal AI computing innovation.

For more details on SOLAI Limited, visit their website or connect with their Investor Relations team for insights regarding upcoming projects and further developments in the pipeline.

For additional inquiries:

• - SOLAI Limited [email protected]
• - Website: www.solai.com

Forward-Looking Statements

This release includes forward-looking statements per the guidelines outlined in the Securities Exchange Act of 1934 and the U.S. Private Securities Litigation Reform Act of 1995. These statements are based on current beliefs and assumptions, subject to change as per market dynamics. Investors should take note of the inherent risks associated with forward-looking statements, acknowledging that actual results may differ from projections due to various influencing factors.