Dogness (International) Corp

On May 17, 2025, the Registrant has entered into a share acquisition agreement (the “Agreement”) to acquire a 19.5 % equity interest in Dogness Intelligent Technology Co., Ltd. (“DITC”) from a DITC shareholder in exchange for Dogness’s Class A common shares and warrants to purchase Class A common shares.

DITC is a technology company based in Guangdong Province, focused on the research and development of IoT and app platforms in the pet industry. It is dedicated to creating a user-centered pet intelligent ecosystem, enabling interaction and intelligent management between pets and their owners. Pursuant to the Agreement, the Registrant agreed to acquire 19.5 % of DITC’s equity in return for (a) 250,000 Class A common shares, (b) 1,550,000 pre-funded warrants to purchase Class A common shares and (c) up to 2,000,000 maximum eligibility warrants to purchase Class A common shares.