SOLAI Announces Receipt of Revised Preliminary Non-Binding Going-Private Proposal

SOLAI Announces Receipt of Revised Preliminary Non-Binding Going-Private Proposal

AKRON, Ohio, April 23, 2026 /PRNewswire/ -- SOLAI Limited (NYSE: SLAI) (previously traded under "BTCM") ("SOLAI" or the "Company"), a technology-driven personal AI and digital infrastructure provider, today announced that the Company has received a revised preliminary non-binding proposal letter (the "Proposal") from Chaince Digital Holdings Inc., to acquire all of the issued and outstanding Class A ordinary shares and Class B ordinary shares of the Company ("Ordinary Shares"), including Ordinary Shares represented by American depositary shares (the "ADS", each representing 100 Class A ordinary shares), for a proposed purchase price of US$0.03162 per Ordinary Share, or US$3.162 per ADS, in cash in a going-private transaction (the "Proposed Transaction"), subject to certain conditions.

The proposed purchase price has been adjusted from 110% to 170% of the Company's net asset value (NAV) per Ordinary Share as of the most recent quarter-end date immediately preceding the closing of the Proposed Transaction. Under the Proposal's price adjustment mechanism,  the final purchase price is subject to a price cap and will in no event exceed US$3.20 per ADS.

The Company cautions its shareholders and others considering trading in its securities that the Board has just received the Proposal and has not made any decisions with respect to the Company's response to the Proposal. Management will give the Proposal serious and careful consideration in the interest of the Company and its shareholders. There can be no assurance that any definitive offer will be made, that any agreement will be executed, or that the Proposed Transaction or any other transaction will be approved or consummated. The Company does not undertake any obligation to provide any updates with respect to this or any other transaction, except as required under applicable law.

About SOLAI Limited
SOLAI Limited (previously known as "BIT Mining Limited") (NYSE: SLAI) (previously traded under "BTCM") is a technology-driven personal AI and digital infrastructure provider. Building upon its historical legacy in digital asset mining and blockchain network operations, the Company is leveraging extensive experience in large-scale hardware deployment, data center operations, and high-performance computing to build the foundational infrastructure for personal AI computing and digital asset ecosystems globally.

Forward-Looking Statements
This news release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "target," "going forward," "outlook" and similar statements. Such statements are based upon management's current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company's control, which may cause the Company's actual results, performance or achievements to differ materially from those in the forward-looking statements. Important factors that could cause SOLAI's actual results to differ materially from those indicated in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the U.S. Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law.

For further information:
SOLAI Limited
ir@solai.com
ir.solai.com
www.solai.com 

Christensen Advisory
Jason Ng
Tel: +852-2117-0861
Email: solai@christensencomms.com

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SOURCE SOLAI Limited