NIP Group Amends Purchase Agreement, Shifts to Share Consideration

NIP Group Inc. has executed a Second Amendment to its On-Rack Sales and Purchase Agreement. This amendment revises the consideration for the Purchased Assets from unlisted interest-free convertible notes to Class A Ordinary Shares, referred to as "Product Shares." Additionally, the Long Stop Date for the closing of the Purchased Assets has been extended to July 31, 2026, and all parties have waived termination rights related to the prior March 31, 2026 deadline. The closing for Cloud Mining Services, with consideration in Issued Shares, was completed on January 9, 2026, and remains unaffected by this amendment.