New Risk • May 07
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: US$75.3m This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (39% average weekly change). Earnings have declined by 62% per year over the past 5 years. Shareholders have been substantially diluted in the past year (395% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (US$75.3m market cap). Announcement • May 05
East Valley TN Tech Co,. Ltd. and Wealthy Concord Limited proposed to acquire the remaining 90.84% stake in GD Culture Group Limited (NasdaqCM:GDC) for approximately $590 million. East Valley TN Tech Co,. Ltd. and Wealthy Concord Limited proposed to acquire the remaining 90.84% stake in GD Culture Group Limited (NasdaqCM:GDC) for approximately $590 million on May 1, 2026. According to the Proposal, the Offer Price of $10.75 per share in cash, represents a premium of approximately 168.8% to the closing price of the Company’s common stock on April 30, 2026, and premiums of approximately 257.3% and 224.6% to the volume-weighted average closing price of the Company’s common stock during the last 30 and 60 trading days ended April 30, 2026, respectively. The Consortium collectively beneficially owns 5,564,886 shares of the Company’s common stock, representing approximately 9.2% of the 60,759,711 shares outstanding as of April 10, 2026. Announcement • May 01
GD Culture Group Limited Together with Its Subsidiary, AI Catalysis Corp. Launches Fato Interactive Novel Platform on Apple App Store GD Culture Group Limited, together with its subsidiary, AI Catalysis Corp., provided an update on its AI interactive novel platform initiative. Since announcing the platform concept and inviting global creators to join its founding community in August 2025, the Company has made meaningful advances in both product development and community building. As a key milestone, the Company’s AI interactive novel app, Fato: Interactive Novel, is now publicly available for download on the Apple App Store for iPhone and iPad users worldwide. Fato enables readers to move beyond passive consumption by shaping narratives through their own choices, engaging in immersive, chat-like conversations with characters, and personalizing story worlds by adjusting backgrounds, settings, and plotlines. It is a choice-driven interactive mystery where every decision shapes the storyline and determines each character’s fate, delivering a dark, suspenseful narrative experience built around reader agency. The app’s core design centers on branching story paths shaped by the reader’s own decisions, with multiple outcomes and story routes emerging from each choice made. The narrative is crafted to immerse players in a world full of secrets and moral dilemmas, where no two playthroughs are alike. The experience is further elevated by a fully realized visual novel format, and players can save and continue their progress at any time, making it accessible for both extended sessions and quick moments of engagement. Fato is now available for free download on the Apple App Store for iPhone and iPad. 
