Management Change/Compensation (Form 8-K)

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Co-Chief Executive Officer Appointment

On July 22, 2026, the Board of Directors appointed Mr. Kewei Huang as Co-Chief Executive Officer of the Company. Mr. Kewei Huang (also known as Kw Ng) possesses a unique suite of skills, specialized expertise, and professional experience that closely match the operational requirements and strategic direction of the Company and

the Board has determined that appointing an additional executive leader to serve alongside the existing Chief Executive Officer, Mr. Sheng-Yih Chang, will enhance executive oversight, drive innovation, and serve the best interests of the Company and its shareholders.

Mr. Huang, 61, is a highly accomplished Chief Technology Officer (CTO) with over 20 years of experience in spearheading cutting-edge technological solutions in AI, big data, and software engineering. He has a proven track record of leading visionary teams to drive transformative results for organizations at the forefront of technology. With deep expertise in capital markets, fundraising, and guiding companies through the public listing process, He brings a unique blend of technical prowess and strategic business acumen. Throughout his career, he has earned multiple industry accolades, including being recognized as a Big Data Specialist by the China Center for Information Industry Development. His innovations, such as Moxian Social and Moxian Biz, have set benchmarks in social media solutions. His first startup was distinguished as the 'Best Services Oriented Architecture' consulting firm and was acquired by Pactera Inc., a NASDAQ-listed company. He holds a Ph.D. in Component-Based/Object Technology from the University of New South Wales, Australia, and has consistently demonstrated his ability to align technology with business objectives, delivering scalable and secure software applications. He has also successfully developed the most successful "Cloud Service Offering" for secured financial institutions, recognized by Gartner as an industry leader.

There is no arrangement or understanding between Mr. Huang and any other persons pursuant to which Mr. Huang was selected as an officer.

There are no family relationships between Mr. Huang and any director, executive officer or person nominated or chosen by the Company to become a director or executive officer of the Company within the meaning of Item 401(d) of Regulation S-K under the U.S. Securities Act of 1933 ("Regulation S-K").