NIP Group amends on-rack asset purchase deal to pay sellers in shares, drops convertible notes

• NIP Group revised its on-rack asset purchase deal, replacing unlisted interest-free convertible notes with Class A ordinary shares.
• Purchased Assets consideration shifts to “Product Shares,” calculated from Consideration Shares per T times each seller’s Product Hashrate.
• Cloud Mining Services leg remains closed as of Jan. 9, 2026, with “Issued Shares” already delivered to the relevant sellers.
• Long stop date for the Purchased Assets closing extended to July 31, 2026, with parties waiving termination rights tied to the prior March 31 deadline.
• Kazakhstan-related steps were conformed to the share-settlement structure, with Prosperity Oak waiving claims over delayed issuance.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. NIP Group Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-026862), on June 02, 2026, and is solely responsible for the information contained therein.