GD Culture Group Forms Special Committee for $10.75/Share Go-Private Bid

GD Culture Group's Board of Directors has formed a special committee, comprising three independent directors, to evaluate a preliminary non-binding proposal. The proposal, received on May 1, 2026, from a consortium of Wealthy Concord Limited and East Valley Technology Limited, suggests a going-private transaction at US$10.75 per share in cash. The Special Committee is authorized to engage independent legal and financial advisors. The company cautions shareholders that there is no assurance of a definitive offer or agreement.