Termination of Share Purchase Agreement and MOU

DirectBooking Technology Co., Ltd. has terminated a Memorandum of Understanding (MOU) and a subsequent Securities Purchase Agreement (SPA) dated November 3, 2025, for the acquisition of 49% of China Wangmao Liquor Industry Group Co., Limited. The Company had paid approximately US$12.7 million in December 2025 but did not receive any shares due to commercial considerations and unforeseen events. Following negotiations, both parties agreed to terminate the SPA. China Wangmao will compensate DirectBooking by paying interest at an annual rate of 5.25% on the purchase price for the period it was held. The termination was effective August 11, 2026.