Sun Changxun sold RAASY

Footnotes

This Form 4 reports securities disposed of under the Agreement and Plan of Merger, dated May 12, 2026 (the "Merger Agreement"), by and among the Issuer, SpringX Holdings Limited ("Parent"), AutumnX Holdings Limited ("Holdco"), a wholly-owned subsidiary of Parent and SummerX Holdings Limited ("Merger Sub"), a wholly-owned subsidiary of Holdco. Pursuant to be Merger Agreement, Merger Sub was merged with and into the Issuer (the "Merger"), with the Issuer being the surviving company of the Merger as a wholly-owned subsidiary of Holdco. Upon completion of the Merger, the Issuer became a privately-held company.; In connection with the Merger, Flawless Success Limited entered into a support agreement, dated as of May 12, 2026 (the "Support Agreement"), pursuant to which, among other things, at the effective time of the Merger (the "Effective Time"), each of these class A ordinary shares, with par value of US$0.0001 each, of the Issuer (each a "Class A Ordinary Share" and collectively, the "Class A Ordinary Shares"), reported in this row and beneficially owned by Mr. Sun Changxun was cancelled in exchange for one ordinary share newly issued by HoldCo.; These Class A Ordinary Shares are held by Flawless Success Limited, which acts as a nominee for an employee trust holding shares for the benefit of grantees under the Issuer's share incentive plans.