Digital Currency X Technology Inc.

Recent Development

We are a technology company focused on digital asset management, currently undergoing a strategic transition following the divestment of our electric vehicle manufacturing business. As the core of its new business, DexTrader was launched in 2026 as an information service that aggregates and displays publicly available on-chain and market data relating to decentralized exchanges. Operated under NexFi Inc, DexTrader is positioned solely as a data and information service and does not facilitate any asset transactions. As of the date of this report, DexTrader remains in its early operational phase, focused on user acquisition and product optimization, and has not yet generated any revenues.

On June 24, 2026, we entered into a securities purchase agreement with several investors for a private placement of units with an aggregate size of US$700 million. As of June 30, 2026, we issued an aggregate of 331,753,557 units, consisting of 331,753,557 Class A Ordinary Shares and 995,260,671 warrants. On July 3, 2026, we received 491,849,359 EDGEAI as consideration (with an aggregate gross value of US$700 million). Each unit was sold at a purchase price of US$2.11. The warrants have an exercise price of US$2.11 per share, are exercisable starting June 30, 2026, and expire three years thereafter. We intend to use the proceeds from the private placement for working capital and general corporate purposes.