Gao Ziguang 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.; At the effective time of the Merger, each American depositary share ("ADS") reported in this row of this Form 4 (each ADS represents six class A ordinary shares of the Issuer) was cancelled and ceased to exist in exchange for the right to receive US$2.9641 in cash per ADS without interest, subject to the terms and conditions of the Merger Agreement.; Each of these ADSs are held by Marnik Ltd., a family trust with Mr. Gao Ziguang and his wife as co-beneficiaries and trustees.