[Important Notice] Announcement Regarding MGBX's Support for SNDK (SanDisk) Stock Split and Adjustments to Spot and Perpetual Futures Trading

I. Basic Stock Split Information

II. SNDK Spot Trading Adjustments

1. MGBX will suspend SNDK spot trading at 09:00 (SGT) on November 20, 2026.
2. The platform will automatically adjust users' SNDK spot holdings at a ratio of 1:8 (1-for-8) based on their actual holdings at the time of trading suspension.
3. Adjustment Example: If a user holds 1 SNDK, it will be adjusted to 8 SNDK after the stock split is completed.
4. This stock split adjustment will be completed automatically by the system, and users do not need to take any manual action. Trading will resume after the asset adjustment is completed, with an expected resumption time of 22:30 (SGT) on November 20, 2026, subject to MGBX's subsequent announcements.

III. SNDKUSDT Perpetual Futures Trading Adjustments

1. MGBX will suspend SNDKUSDT perpetual futures trading at 09:00 (SGT) on November 20, 2026.
2. The platform will adjust the relevant futures position quantities and price data at a stock split ratio of 1:8 (1-for-8) based on users' actual position data at the time of trading suspension.
3. During the futures adjustment period, SNDKUSDT perpetual futures will enter a temporary suspension status, and all related functions will be suspended, including opening positions, closing positions, order operations (creation, cancellation, and modification), funding rate calculation, mark price, index price, and forced liquidation. During the adjustment period, mark price and index price updates will be suspended.
4. Strategies and positions created by futures-related trading bots will be terminated and settled. Users using such trading strategies are advised to make arrangements in advance.
5. This position adjustment will be completed automatically by the system, and users do not need to take any manual action. Trading will resume after the asset adjustment is completed, with an expected resumption time of 22:30 (SGT) on November 20, 2026 , subject to MGBX's subsequent announcements.

IV. Risk Disclosure

1. This stock split is a corporate action of the underlying stock, with a split ratio of 1:8 . The stock split itself does not represent an increase in the total value of the underlying asset.
2. During the trading suspension period, the relevant spot and perpetual futures trading services will be affected. Please make trading arrangements in advance.
3. After the stock split adjustment is completed, the relevant asset and future prices may be affected by market conditions and may experience certain fluctuations.
4. Users are advised to check their relevant positions and orders in advance, reasonably control position size, use leverage prudently, and manage risk properly.