# EDGAR Filing Document

**Accession Number:** 0001804583
**File Stem:** 0001193125-26-221223
**Filing Date:** 2026-5
**Character Count:** 75769
**Document Hash:** 265d8f7de277b9c17a1e80a5c40e12c0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-221223.hdr.sgml**: 20260513

**ACCESSION NUMBER**: 0001193125-26-221223

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13D/A

**PUBLIC DOCUMENT COUNT**: 13

**FILED AS OF DATE**: 20260513

**DATE AS OF CHANGE**: 20260513

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Cloopen Group Holding Ltd
- **CENTRAL INDEX KEY:** 0001804583
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-PREPACKAGED SOFTWARE [7372]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 000000000
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-93371
- **FILM NUMBER:** 26972442

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 16/F, TOWER A, FAIRMONT TOWER
- **STREET 2:** 33 GUANGSHUN N AVENUE, CHAOYANG DISTRICT
- **CITY:** BEIJING
- **PROVINCE COUNTRY:** F4
- **ZIP:** 100102
- **BUSINESS PHONE:** 861052823178

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 16/F, TOWER A, FAIRMONT TOWER
- **STREET 2:** 33 GUANGSHUN N AVENUE, CHAOYANG DISTRICT
- **CITY:** BEIJING
- **PROVINCE COUNTRY:** F4
- **ZIP:** 100102
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TB Alternative Assets Ltd.
- **CENTRAL INDEX KEY:** 0001483503

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** C/O MAPLES CORPORATE SERVICES LIMITED
- **STREET 2:** UGLAND HOUSE
- **CITY:** GRAND CAYMAN
- **PROVINCE COUNTRY:** E9
- **BUSINESS PHONE:** 852-3727-0300

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 2001, AGRICULTURAL BANK OF CHINA TOWER
- **STREET 2:** 50 CONNAUGHT ROAD CENTRAL, CENTRAL
- **CITY:** HONG KONG
- **PROVINCE COUNTRY:** K3
- **ZIP:** 00000

### Attached PDF Documents

**Attachment 1:** `ck0000000000-ex99_5.pdf`

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**Attachment 2:** `ck0000000000-ex99_6.pdf`

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**Attachment 3:** `ck0000000000-ex99_7.pdf`

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**Attachment 4:** `ck0000000000-ex99_8.pdf`

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**Attachment 5:** `ck0000000000-ex99_9.pdf`

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**Attachment 6:** `ck0000000000-ex99_10.pdf`

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**Attachment 7:** `ck0000000000-ex99_11.pdf`

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**Attachment 8:** `ck0000000000-ex99_12.pdf`

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**Attachment 9:** `ck0000000000-ex99_13.pdf`

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**Attachment 10:** `ck0000000000-ex99_14.pdf`

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**Attachment 11:** `ck0000000000-ex99_15.pdf`

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**Attachment 12:** `ck0000000000-ex99_16.pdf`

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### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13D

### Under the Securities Exchange Act of 1934

**(Amendment No. 1)**

**Cloopen Group Holding Limited**

*(Name of Issuer)*

**Class A Ordinary Shares, par value US$0.0001 per share**

*(Title of Class of Securities)*

**—**

*(CUSIP Number)*

**Yipeng Li, CFO**<br>16/F, Tower A, Fairmont Tower<br>33 Guangshun North Main Street<br>Chaoyang District, Beijing F4 100102<br>(86) 10-6477-5680

*(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)*

**05/12/2026**

*(Date of Event Which Requires Filing of this Statement)*

| **CUSIP No.** | **—** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**TB Alternative Assets Ltd.** | Name of reporting person<br>**TB Alternative Assets Ltd.** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**CAYMAN ISLANDS** | Citizenship or place of organization<br>**CAYMAN ISLANDS** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**38474611.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**38474611.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**38474611.00** | Aggregate amount beneficially owned by each reporting person<br>**38474611.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**12.15%** | Percent of class represented by amount in Row (11)<br>**12.15%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IA** | Type of Reporting Person (See Instructions)<br>**IA** | |

---

**Comment for Reporting Person:** Row 7, 9 ,11. Represents 38,474,611 Class A ordinary shares, including 1,921,164 ADSs, held by Trustbridge Partners V, L.P.

Row 13. (i) Percentage calculated based on 316,554,332 Class A ordinary shares issued and outstanding as of May 12, 2026, as set forth in the Merger Agreement. Does not include certain ordinary shares that the Reporting Person may be deemed to beneficially own pursuant to its membership in a Rule 13d-5 group. (ii) Also represents 11.24% of the total issued and outstanding ordinary shares of the Issuer, calculated based on 342,204,171 ordinary shares, comprising 316,554,332 Class A ordinary shares and 25,649,839 Class B ordinary shares issued and outstanding as of May 12, 2026, as set forth in the Merger Agreement. The Class B ordinary shares are treated as converted into Class A ordinary shares solely for purposes of calculating the Reporting Person's percentage ownership of the Issuer's ordinary shares. Does not include certain ordinary shares that the Reporting Person may be deemed to beneficially own pursuant to its membership in a Rule 13d-5 group. Each holder of Class A ordinary shares is entitled to one vote per share, and each holder of Class B ordinary shares is entitled to ten votes per share. Accordingly, based on the foregoing, the ordinary shares beneficially owned by the Reporting Person represent approximately 6.71% of the aggregate voting power of the total issued and outstanding ordinary shares of the Issuer.

| **CUSIP No.** | **—** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Trustbridge Partners V, L.P.** | Name of reporting person<br>**Trustbridge Partners V, L.P.** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**CAYMAN ISLANDS** | Citizenship or place of organization<br>**CAYMAN ISLANDS** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**38474611.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**38474611.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**38474611.00** | Aggregate amount beneficially owned by each reporting person<br>**38474611.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**12.15%** | Percent of class represented by amount in Row (11)<br>**12.15%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**PN** | Type of Reporting Person (See Instructions)<br>**PN** | |

---

**Comment for Reporting Person:** Row 7, 9, 11. Represents 38,474,611 Class A ordinary shares, including 1,921,164 ADSs, held by Trustbridge Partners V, L.P.

Row 13. (i) Percentage calculated based on 316,554,332 Class A ordinary shares issued and outstanding as of May 12, 2026, as set forth in the Merger Agreement. Does not include certain ordinary shares that the Reporting Person may be deemed to beneficially own pursuant to its membership in a Rule 13d-5 group. (ii) Also represents 11.24% of the total issued and outstanding ordinary shares of the Issuer, calculated based on 342,204,171 ordinary shares, comprising 316,554,332 Class A ordinary shares and 25,649,839 Class B ordinary shares issued and outstanding as of May 12, 2026, as set forth in the Merger Agreement. The Class B ordinary shares are treated as converted into Class A ordinary shares solely for purposes of calculating the Reporting Person's percentage ownership of the Issuer's ordinary shares. Does not include certain ordinary shares that the Reporting Person may be deemed to beneficially own pursuant to its membership in a Rule 13d-5 group. Each holder of Class A ordinary shares is entitled to one vote per share, and each holder of Class B ordinary shares is entitled to ten votes per share. Accordingly, based on the foregoing, the ordinary shares beneficially owned by the Reporting Person represent approximately 6.71% of the aggregate voting power of the total issued and outstanding ordinary shares of the Issuer.

| **CUSIP No.** | **—** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Trustbridge Partners VII, L.P.** | Name of reporting person<br>**Trustbridge Partners VII, L.P.** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**CAYMAN ISLANDS** | Citizenship or place of organization<br>**CAYMAN ISLANDS** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**38474611.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**38474611.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**38474611.00** | Aggregate amount beneficially owned by each reporting person<br>**38474611.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**12.15%** | Percent of class represented by amount in Row (11)<br>**12.15%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**PN** | Type of Reporting Person (See Instructions)<br>**PN** | |

---

**Comment for Reporting Person:** Row 8, 10, 11. Represents 38,474,611 Class A ordinary shares, including 1,921,164 ADSs, held by Trustbridge Partners V, L.P.

Row 13. (i) Percentage calculated based on 316,554,332 Class A ordinary shares issued and outstanding as of May 12, 2026, as set forth in the Merger Agreement. Does not include certain ordinary shares that the Reporting Person may be deemed to beneficially own pursuant to its membership in a Rule 13d-5 group. (ii) Also represents 11.24% of the total issued and outstanding ordinary shares of the Issuer, calculated based on 342,204,171 ordinary shares, comprising 316,554,332 Class A ordinary shares and 25,649,839 Class B ordinary shares issued and outstanding as of May 12, 2026, as set forth in the Merger Agreement. The Class B ordinary shares are treated as converted into Class A ordinary shares solely for purposes of calculating the Reporting Person's percentage ownership of the Issuer's ordinary shares. Does not include certain ordinary shares that the Reporting Person may be deemed to beneficially own pursuant to its membership in a Rule 13d-5 group. Each holder of Class A ordinary shares is entitled to one vote per share, and each holder of Class B ordinary shares is entitled to ten votes per share. Accordingly, based on the foregoing, the ordinary shares beneficially owned by the Reporting Person represent approximately 6.71% of the aggregate voting power of the total issued and outstanding ordinary shares of the Issuer.

| **CUSIP No.** | **—** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**TB Partners GP5 Limited** | Name of reporting person<br>**TB Partners GP5 Limited** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**CAYMAN ISLANDS** | Citizenship or place of organization<br>**CAYMAN ISLANDS** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**38474611.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**38474611.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**38474611.00** | Aggregate amount beneficially owned by each reporting person<br>**38474611.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**12.15%** | Percent of class represented by amount in Row (11)<br>**12.15%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**CO** | Type of Reporting Person (See Instructions)<br>**CO** | |

---

**Comment for Reporting Person:** Row 7, 9, 11. Represents 38,474,611 Class A ordinary shares, including 1,921,164 ADSs, held by Trustbridge Partners V, L.P.

Row 13. (i) Percentage calculated based on 316,554,332 Class A ordinary shares issued and outstanding as of May 12, 2026, as set forth in the Merger Agreement. Does not include certain ordinary shares that the Reporting Person may be deemed to beneficially own pursuant to its membership in a Rule 13d-5 group. (ii) Also represents 11.24% of the total issued and outstanding ordinary shares of the Issuer, calculated based on 342,204,171 ordinary shares, comprising 316,554,332 Class A ordinary shares and 25,649,839 Class B ordinary shares issued and outstanding as of May 12, 2026, as set forth in the Merger Agreement. The Class B ordinary shares are treated as converted into Class A ordinary shares solely for purposes of calculating the Reporting Person's percentage ownership of the Issuer's ordinary shares. Does not include certain ordinary shares that the Reporting Person may be deemed to beneficially own pursuant to its membership in a Rule 13d-5 group. Each holder of Class A ordinary shares is entitled to one vote per share, and each holder of Class B ordinary shares is entitled to ten votes per share. Accordingly, based on the foregoing, the ordinary shares beneficially owned by the Reporting Person represent approximately 6.71% of the aggregate voting power of the total issued and outstanding ordinary shares of the Issuer.

| **CUSIP No.** | **—** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**TB Partners GP7 Limited** | Name of reporting person<br>**TB Partners GP7 Limited** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**CAYMAN ISLANDS** | Citizenship or place of organization<br>**CAYMAN ISLANDS** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**38474611.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**38474611.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**38474611.00** | Aggregate amount beneficially owned by each reporting person<br>**38474611.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**12.15%** | Percent of class represented by amount in Row (11)<br>**12.15%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**CO** | Type of Reporting Person (See Instructions)<br>**CO** | |

---

**Comment for Reporting Person:** Row 8, 10, 11. Represents 38,474,611 Class A ordinary shares, including 1,921,164 ADSs, held by Trustbridge Partners V, L.P.

Row 13. (i) Percentage calculated based on 316,554,332 Class A ordinary shares issued and outstanding as of May 12, 2026, as set forth in the Merger Agreement. Does not include certain ordinary shares that the Reporting Person may be deemed to beneficially own pursuant to its membership in a Rule 13d-5 group. (ii) Also represents 11.24% of the total issued and outstanding ordinary shares of the Issuer, calculated based on 342,204,171 ordinary shares, comprising 316,554,332 Class A ordinary shares and 25,649,839 Class B ordinary shares issued and outstanding as of May 12, 2026, as set forth in the Merger Agreement. The Class B ordinary shares are treated as converted into Class A ordinary shares solely for purposes of calculating the Reporting Person's percentage ownership of the Issuer's ordinary shares. Does not include certain ordinary shares that the Reporting Person may be deemed to beneficially own pursuant to its membership in a Rule 13d-5 group. Each holder of Class A ordinary shares is entitled to one vote per share, and each holder of Class B ordinary shares is entitled to ten votes per share. Accordingly, based on the foregoing, the ordinary shares beneficially owned by the Reporting Person represent approximately 6.71% of the aggregate voting power of the total issued and outstanding ordinary shares of the Issuer.

| **CUSIP No.** | **—** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Changxun Sun** | Name of reporting person<br>**Changxun Sun** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**CHINA** | Citizenship or place of organization<br>**CHINA** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**27649839.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**27649839.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**27649839.00** | Aggregate amount beneficially owned by each reporting person<br>**27649839.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**8.08%** | Percent of class represented by amount in Row (11)<br>**8.08%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

**Comment for Reporting Person:** Row 7, 9, 11. Represents (i) 25,649,839 Class B ordinary shares held by Cloopen Co., Ltd., a company wholly-owned by Mr. Changxun Sun, and (ii) 2,000,000 Class A ordinary shares held by Flawless Success Limited, a nominee of an employee incentive trust that holds such shares for and on behalf of the grantees under the Issuer's share incentive plans issued due to exercise of options under the 2016 Share Incentive Plan.

Row 13. Percentage calculated based on 342,204,171 ordinary shares, comprising 316,554,332 Class A ordinary shares and 25,649,839 Class B ordinary shares issued and outstanding as of May 12, 2026, as set forth in the Merger Agreement. The Class B ordinary shares are treated as converted into Class A ordinary shares solely for the purpose of calculating the Reporting Person's percentage of ownership of the Issuer's ordinary shares. Does not include certain ordinary shares that the Reporting Person may be deemed to beneficially own pursuant to its membership in a Rule 13d-5 group. Each holder of Class A ordinary shares is entitled to one vote per share and each holder of our Class B ordinary shares is entitled to ten votes per share. Accordingly, based on the foregoing, the ordinary shares beneficially owned by the Reporting Person represent approximately 45.11% of the aggregate voting power of the total issued and outstanding ordinary shares of the Issuer.

| **CUSIP No.** | **—** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Cloopen Co., Ltd.** | Name of reporting person<br>**Cloopen Co., Ltd.** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**D8** | Citizenship or place of organization<br>**D8** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**25649839.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**25649839.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**25649839.00** | Aggregate amount beneficially owned by each reporting person<br>**25649839.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**7.50%** | Percent of class represented by amount in Row (11)<br>**7.50%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**CO** | Type of Reporting Person (See Instructions)<br>**CO** | |

---

**Comment for Reporting Person:** Row 7, 9, 11. Represents 25,649,839 Class B ordinary shares held by Cloopen Co., Ltd., a company wholly-owned by Mr. Changxun Sun.

Row 13. Percentage calculated based on 342,204,171 ordinary shares, comprising 316,554,332 Class A ordinary shares and 25,649,839 Class B ordinary shares issued and outstanding as of May 12, 2026, as set forth in the Merger Agreement. The Class B ordinary shares are treated as converted into Class A ordinary shares solely for the purpose of calculating the Reporting Person's percentage of ownership of the Issuer's ordinary shares. Does not include certain ordinary shares that the Reporting Person may be deemed to beneficially own pursuant to its membership in a Rule 13d-5 group. Each holder of Class A ordinary shares is entitled to one vote per share and each holder of our Class B ordinary shares is entitled to ten votes per share. Accordingly, based on the foregoing, the ordinary shares beneficially owned by the Reporting Person represent approximately 44.76% of the aggregate voting power of the total issued and outstanding ordinary shares of the Issuer.

| **CUSIP No.** | **—** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Flawless Success Limited** | Name of reporting person<br>**Flawless Success Limited** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**D8** | Citizenship or place of organization<br>**D8** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**6410750.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**6410750.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**6410750.00** | Aggregate amount beneficially owned by each reporting person<br>**6410750.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**2.03%** | Percent of class represented by amount in Row (11)<br>**2.03%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**CO** | Type of Reporting Person (See Instructions)<br>**CO** | |

---

**Comment for Reporting Person:** Row 7, 9, 11. Represents 6,410,750 Class A ordinary shares, including 720,829 ADSs, held by Flawless Success Limited, a nominee of an employee incentive trust that holds such shares for and on behalf of the grantees under the Issuer's share incentive plans issued due to exercise of options under the 2016 Share Incentive Plan.

Row 13. (i) Percentage calculated based on 316,554,332 Class A ordinary shares issued and outstanding as of May 12, 2026, as set forth in the Merger Agreement. Does not include certain ordinary shares that the Reporting Person may be deemed to beneficially own pursuant to its membership in a Rule 13d-5 group. (ii) Also represents 1.87% of the total issued and outstanding ordinary shares of the Issuer, calculated based on 342,204,171 ordinary shares, comprising 316,554,332 Class A ordinary shares and 25,649,839 Class B ordinary shares issued and outstanding as of May 12, 2026, as set forth in the Merger Agreement. The Class B ordinary shares are treated as converted into Class A ordinary shares solely for purposes of calculating the Reporting Person's percentage ownership of the Issuer's ordinary shares. Does not include certain ordinary shares that the Reporting Person may be deemed to beneficially own pursuant to its membership in a Rule 13d-5 group. Each holder of Class A ordinary shares is entitled to one vote per share, and each holder of Class B ordinary shares is entitled to ten votes per share. Accordingly, based on the foregoing, the ordinary shares beneficially owned by the Reporting Person represent approximately 1.12% of the aggregate voting power of the total issued and outstanding ordinary shares of the Issuer.

| **CUSIP No.** | **—** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Tencent Holdings Limited** | Name of reporting person<br>**Tencent Holdings Limited** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**WC** | Source of funds (See Instructions)<br>**WC** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**CAYMAN ISLANDS** | Citizenship or place of organization<br>**CAYMAN ISLANDS** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**13049682.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**13049682.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**13049682.00** | Aggregate amount beneficially owned by each reporting person<br>**13049682.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**4.12%** | Percent of class represented by amount in Row (11)<br>**4.12%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**CO** | Type of Reporting Person (See Instructions)<br>**CO** | |

---

**Comment for Reporting Person:** Row 7, 9, 11. Represents (1) 11,799,684 Class A ordinary shares held by Image Frame Investment (HK) Limited; (2) 1,249,998 Class A ordinary shares held by THL H Limited. Each Image Frame Investment (HK) Limited and THL H Limited is a subsidiary of Tencent Holdings Limited. Tencent Holdings Limited intends to transfer all 1,249,998 Class A ordinary shares held by THL H Limited to Image Frame Investment (HK) Limited.

Row 13. (i) Percentage calculated based on 316,554,332 Class A ordinary shares issued and outstanding as of May 12, 2026, as set forth in the Merger Agreement. Does not include certain ordinary shares that the Reporting Person may be deemed to beneficially own pursuant to its membership in a Rule 13d-5 group. (ii) Also represents 3.81% of the total issued and outstanding ordinary shares of the Issuer, calculated based on 342,204,171 ordinary shares, comprising 316,554,332 Class A ordinary shares and 25,649,839 Class B ordinary shares issued and outstanding as of May 12, 2026, as set forth in the Merger Agreement. The Class B ordinary shares are treated as converted into Class A ordinary shares solely for purposes of calculating the Reporting Person's percentage ownership of the Issuer's ordinary shares. Does not include certain ordinary shares that the Reporting Person may be deemed to beneficially own pursuant to its membership in a Rule 13d-5 group. Each holder of Class A ordinary shares is entitled to one vote per share, and each holder of Class B ordinary shares is entitled to ten votes per share. Accordingly, based on the foregoing, the ordinary shares beneficially owned by the Reporting Person represent approximately 2.28% of the aggregate voting power of the total issued and outstanding ordinary shares of the Issuer.

| **CUSIP No.** | **—** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Image Frame Investment (HK) Limited** | Name of reporting person<br>**Image Frame Investment (HK) Limited** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**AF** | Source of funds (See Instructions)<br>**AF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**HONG KONG** | Citizenship or place of organization<br>**HONG KONG** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**11799684.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**11799684.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**11799684.00** | Aggregate amount beneficially owned by each reporting person<br>**11799684.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**3.73%** | Percent of class represented by amount in Row (11)<br>**3.73%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**CO** | Type of Reporting Person (See Instructions)<br>**CO** | |

---

**Comment for Reporting Person:** Row 7, 9, 11. Represents 11,799,684 Class A ordinary shares, held by Image Frame Investment (HK) Limited.

Row 13. (i) Percentage calculated based on 316,554,332 Class A ordinary shares issued and outstanding as of May 12, 2026, as set forth in the Merger Agreement. Does not include certain ordinary shares that the Reporting Person may be deemed to beneficially own pursuant to its membership in a Rule 13d-5 group. (ii) Also represents 3.45% of the total issued and outstanding ordinary shares of the Issuer, calculated based on 342,204,171 ordinary shares, comprising 316,554,332 Class A ordinary shares and 25,649,839 Class B ordinary shares issued and outstanding as of May 12, 2026, as set forth in the Merger Agreement. The Class B ordinary shares are treated as converted into Class A ordinary shares solely for purposes of calculating the Reporting Person's percentage ownership of the Issuer's ordinary shares. Does not include certain ordinary shares that the Reporting Person may be deemed to beneficially own pursuant to its membership in a Rule 13d-5 group. Each holder of Class A ordinary shares is entitled to one vote per share, and each holder of Class B ordinary shares is entitled to ten votes per share. Accordingly, based on the foregoing, the ordinary shares beneficially owned by the Reporting Person represent approximately 2.06% of the aggregate voting power of the total issued and outstanding ordinary shares of the Issuer.

| **CUSIP No.** | **—** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Parantoux Vintage PE Ltd.** | Name of reporting person<br>**Parantoux Vintage PE Ltd.** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**WC** | Source of funds (See Instructions)<br>**WC** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**D8** | Citizenship or place of organization<br>**D8** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**3123446.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**3123446.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**3123446.00** | Aggregate amount beneficially owned by each reporting person<br>**3123446.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**0.99%** | Percent of class represented by amount in Row (11)<br>**0.99%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**CO** | Type of Reporting Person (See Instructions)<br>**CO** | |

---

**Comment for Reporting Person:** Row 7, 9, 11. Represents 3,123,446 Class A ordinary shares, held by Parantoux Vintage PE Ltd.

Row 13. (i) Percentage calculated based on 316,554,332 Class A ordinary shares issued and outstanding as of May 12, 2026, as set forth in the Merger Agreement. Does not include certain ordinary shares that the Reporting Person may be deemed to beneficially own pursuant to its membership in a Rule 13d-5 group. (ii) Also represents 0.91% of the total issued and outstanding ordinary shares of the Issuer, calculated based on 342,204,171 ordinary shares, comprising 316,554,332 Class A ordinary shares and 25,649,839 Class B ordinary shares issued and outstanding as of May 12, 2026, as set forth in the Merger Agreement. The Class B ordinary shares are treated as converted into Class A ordinary shares solely for purposes of calculating the Reporting Person's percentage ownership of the Issuer's ordinary shares. Does not include certain ordinary shares that the Reporting Person may be deemed to beneficially own pursuant to its membership in a Rule 13d-5 group. Each holder of Class A ordinary shares is entitled to one vote per share, and each holder of Class B ordinary shares is entitled to ten votes per share. Accordingly, based on the foregoing, the ordinary shares beneficially owned by the Reporting Person represent approximately 0.55% of the aggregate voting power of the total issued and outstanding ordinary shares of the Issuer.

| **CUSIP No.** | **—** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Yang Diao** | Name of reporting person<br>**Yang Diao** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**CHINA** | Citizenship or place of organization<br>**CHINA** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**3123446.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**3123446.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**3123446.00** | Aggregate amount beneficially owned by each reporting person<br>**3123446.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**0.99%** | Percent of class represented by amount in Row (11)<br>**0.99%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

**Comment for Reporting Person:** Row 7, 9, 11. Represents 3,123,446 Class A ordinary shares, held by Parantoux Vintage PE Ltd.

Row 13. (i) Percentage calculated based on 316,554,332 Class A ordinary shares issued and outstanding as of May 12, 2026, as set forth in the Merger Agreement. Does not include certain ordinary shares that the Reporting Person may be deemed to beneficially own pursuant to its membership in a Rule 13d-5 group. (ii) Also represents 0.91% of the total issued and outstanding ordinary shares of the Issuer, calculated based on 342,204,171 ordinary shares, comprising 316,554,332 Class A ordinary shares and 25,649,839 Class B ordinary shares issued and outstanding as of May 12, 2026, as set forth in the Merger Agreement. The Class B ordinary shares are treated as converted into Class A ordinary shares solely for purposes of calculating the Reporting Person's percentage ownership of the Issuer's ordinary shares. Does not include certain ordinary shares that the Reporting Person may be deemed to beneficially own pursuant to its membership in a Rule 13d-5 group. Each holder of Class A ordinary shares is entitled to one vote per share, and each holder of Class B ordinary shares is entitled to ten votes per share. Accordingly, based on the foregoing, the ordinary shares beneficially owned by the Reporting Person represent approximately 0.55% of the aggregate voting power of the total issued and outstanding ordinary shares of the Issuer.

| **CUSIP No.** | **—** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Novo Investment HK Limited** | Name of reporting person<br>**Novo Investment HK Limited** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**HONG KONG** | Citizenship or place of organization<br>**HONG KONG** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**11799685.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**11799685.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**11799685.00** | Aggregate amount beneficially owned by each reporting person<br>**11799685.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**3.73%** | Percent of class represented by amount in Row (11)<br>**3.73%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**CO** | Type of Reporting Person (See Instructions)<br>**CO** | |

---

**Comment for Reporting Person:** Row 7, 9, 11. Represents 11,799,685 Class A ordinary shares held by Novo Investment HK Limited.

Row 13. (i) Percentage calculated based on 316,554,332 Class A ordinary shares issued and outstanding as of May 12, 2026, as set forth in the Merger Agreement. Does not include certain ordinary shares that the Reporting Person may be deemed to beneficially own pursuant to its membership in a Rule 13d-5 group. (ii) Also represents 3.45% of the total issued and outstanding ordinary shares of the Issuer, calculated based on 342,204,171 ordinary shares, comprising 316,554,332 Class A ordinary shares and 25,649,839 Class B ordinary shares issued and outstanding as of May 12, 2026, as set forth in the Merger Agreement. The Class B ordinary shares are treated as converted into Class A ordinary shares solely for purposes of calculating the Reporting Person's percentage ownership of the Issuer's ordinary shares. Does not include certain ordinary shares that the Reporting Person may be deemed to beneficially own pursuant to its membership in a Rule 13d-5 group. Each holder of Class A ordinary shares is entitled to one vote per share, and each holder of Class B ordinary shares is entitled to ten votes per share. Accordingly, based on the foregoing, the ordinary shares beneficially owned by the Reporting Person represent approximately 2.06% of the aggregate voting power of the total issued and outstanding ordinary shares of the Issuer.

| **CUSIP No.** | **—** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Shenzhen Nuohe Investment Partnership Enterprise (Limited Partnership)** | Name of reporting person<br>**Shenzhen Nuohe Investment Partnership Enterprise (Limited Partnership)** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**CHINA** | Citizenship or place of organization<br>**CHINA** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**11799685.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**11799685.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**11799685.00** | Aggregate amount beneficially owned by each reporting person<br>**11799685.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**3.73%** | Percent of class represented by amount in Row (11)<br>**3.73%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**PN** | Type of Reporting Person (See Instructions)<br>**PN** | |

---

**Comment for Reporting Person:** Row 7, 9, 11. Represents 11,799,685 Class A ordinary shares held by Novo Investment HK Limited.

Row 13. (i) Percentage calculated based on 316,554,332 Class A ordinary shares issued and outstanding as of May 12, 2026, as set forth in the Merger Agreement. Does not include certain ordinary shares that the Reporting Person may be deemed to beneficially own pursuant to its membership in a Rule 13d-5 group. (ii) Also represents 3.45% of the total issued and outstanding ordinary shares of the Issuer, calculated based on 342,204,171 ordinary shares, comprising 316,554,332 Class A ordinary shares and 25,649,839 Class B ordinary shares issued and outstanding as of May 12, 2026, as set forth in the Merger Agreement. The Class B ordinary shares are treated as converted into Class A ordinary shares solely for purposes of calculating the Reporting Person's percentage ownership of the Issuer's ordinary shares. Does not include certain ordinary shares that the Reporting Person may be deemed to beneficially own pursuant to its membership in a Rule 13d-5 group. Each holder of Class A ordinary shares is entitled to one vote per share, and each holder of Class B ordinary shares is entitled to ten votes per share. Accordingly, based on the foregoing, the ordinary shares beneficially owned by the Reporting Person represent approximately 2.06% of the aggregate voting power of the total issued and outstanding ordinary shares of the Issuer.

| **CUSIP No.** | **—** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**China Reform Venture Capital Investment Management (Shenzhen) Ltd.** | Name of reporting person<br>**China Reform Venture Capital Investment Management (Shenzhen) Ltd.** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**CHINA** | Citizenship or place of organization<br>**CHINA** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**11799685.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**11799685.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**11799685.00** | Aggregate amount beneficially owned by each reporting person<br>**11799685.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**3.73%** | Percent of class represented by amount in Row (11)<br>**3.73%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**CO** | Type of Reporting Person (See Instructions)<br>**CO** | |

---

**Comment for Reporting Person:** Row 7, 9, 11. Represents 11,799,685 Class A ordinary shares held by Novo Investment HK Limited.

Row 13. (i) Percentage calculated based on 316,554,332 Class A ordinary shares issued and outstanding as of May 12, 2026, as set forth in the Merger Agreement. Does not include certain ordinary shares that the Reporting Person may be deemed to beneficially own pursuant to its membership in a Rule 13d-5 group. (ii) Also represents 3.45% of the total issued and outstanding ordinary shares of the Issuer, calculated based on 342,204,171 ordinary shares, comprising 316,554,332 Class A ordinary shares and 25,649,839 Class B ordinary shares issued and outstanding as of May 12, 2026, as set forth in the Merger Agreement. The Class B ordinary shares are treated as converted into Class A ordinary shares solely for purposes of calculating the Reporting Person's percentage ownership of the Issuer's ordinary shares. Does not include certain ordinary shares that the Reporting Person may be deemed to beneficially own pursuant to its membership in a Rule 13d-5 group. Each holder of Class A ordinary shares is entitled to one vote per share, and each holder of Class B ordinary shares is entitled to ten votes per share. Accordingly, based on the foregoing, the ordinary shares beneficially owned by the Reporting Person represent approximately 2.06% of the aggregate voting power of the total issued and outstanding ordinary shares of the Issuer.

**Item 1. Security and Issuer**

**(a) Title of Class of Securities:**
Class A Ordinary Shares, par value US$0.0001 per share

**(b) Name of Issuer:**
Cloopen Group Holding Limited

**(c) Address of Issuer's Principal Executive Offices:**
16/F, Tower A, Fairmont Tower, 33 Guangshun North Main Street, Chaoyang District, Beijing, F4, 100102

This Amendment No. 1 (this "Amendment") amends and supplements the statement on Schedule 13D filed jointly by Trustbridge Partners V, L.P. ("Trustbridge V"), Trustbridge VII ("Trustbridge VII"), TB Partners GP5 Limited ("TB GP5"), TB Partners GP7 Limited ("TB GP7"), TB Alternative Assets Ltd. ("TBAA"), Changxun Sun ("Mr. Sun"), and Cloopen Co., Ltd. ("Cloopen Co") with the Securities and Exchange Commission (the "SEC") on December 30, 2025 (the "Original Schedule 13D"). This Schedule 13D also represents the initial Schedule 13D filed by Flawless Success Limited ("Flawless Success"), Tencent Holdings Limited ("Tencent"), Image Frame Investment (HK) Limited ("Image Frame"), Parantoux Vintage PE Ltd. ("Parantoux"), Yang Diao ("Mr. Diao"), Novo Investment HK Limited ("Novo Investment"), Shenzhen Nuohe Investment Partnership Enterprise (Limited Partnership) ("Shenzhen Nuohe"), and China Reform Venture Capital Investment Management (Shenzhen) Ltd. ("China Reform"). All capitalized terms used herein which are not defined herein have the meanings given to such terms in the Schedule 13D.

This Amendment relates to the Class A ordinary shares, par value $0.0001 per share (the "Class A Ordinary Shares"), of Cloopen Group Holding Limited, an exempted company incorporated under the laws of the Cayman Islands (the "Issuer"), whose principal executive office is located at 16/F, Tower A, Fairmont Tower, 33 Guangshun North Main Street, Chaoyang District, Beijing, the People's Republic of China.

The Issuer's ordinary shares consist of Class A Ordinary Shares and Class B ordinary shares, par value $0.0001 per share (the "Class B Ordinary Shares" and, together with the Class A Ordinary Shares, the "Ordinary Shares" or "Shares").

The Issuer's ADSs are quoted on the OTC market under the symbol "RAASY".

All capitalized terms used in this Amendment and not otherwise defined herein have the meanings ascribed to such terms in the Schedule 13D.

**Item 4. Purpose of Transaction**

Item 4 of the Schedule 13D is hereby amended and supplemented by adding the following:

On May 12, 2026, the Issuer entered into a definitive agreement and plan of merger (the "Merger Agreement") with SpringX Holdings Limited ("Parent"), AutumnX Holdings Limited ("HoldCo"), a wholly-owned subsidiary of Parent, and SummerX Holdings Limited ("Merger Sub"), a wholly-owned subsidiary of HoldCo. Pursuant to the Merger Agreement and subject to the terms and conditions thereof, Merger Sub will be merged with and into the Issuer, with the Issuer continuing as the surviving company and becoming a wholly-owned subsidiary of HoldCo (the "Merger").

Pursuant to the terms of the Merger Agreement, at the effective time of the Merger (the "Effective Time"), each Share issued and outstanding immediately prior to the Effective Time (other than Excluded Shares (as defined below), Dissenting Shares (as defined in the Merger Agreement) and Shares represented by ADSs (as defined below)) will be cancelled and cease to exist in exchange for the right to receive US$0.4940 in cash per Share without interest. Pursuant to the terms of the Merger Agreement, at the Effective Time, each American Depositary Share, representing six (6) Class A Ordinary Shares (each, an "ADS"), issued and outstanding immediately prior to the Effective Time (other than ADSs representing Excluded Shares), together with the Class A Ordinary Shares represented by such ADSs, will be cancelled and cease to exist in exchange for the right to receive US$2.9641 in cash per ADS without interest (less applicable fees, charges and expenses payable by ADS holders).  Pursuant to the terms of the Merger Agreement, at the Effective Time, each Excluded Share and ADS representing Excluded Shares issued and outstanding immediately prior to the Effective Time will be canceled and cease to exist without payment of any consideration or distribution therefor. For the purposes of the Merger Agreement, "Excluded Shares" means, collectively: (i) certain Shares (including Shares represented by ADSs) held by Trustbridge V, Cloopen Co, Flawless Success, Image Frame, Parantoux, and Novo Investment (collectively, the "Rollover Shareholders"), the number of which set forth in the column titled "Rollover Shares" opposite such Rollover Shareholder's name on Schedule A to the Support Agreement (as defined below) or any Shares (including Shares represented by ADSs) acquired by such Rollover Shareholders or any of their affiliates following the date of the Merger Agreement and prior to the Effective Time (such Shares, collectively, the "Rollover Shares"); (ii) any Shares (including ADSs corresponding to such Shares) held by the depositary for the ADSs and reserved for issuance and allocation pursuant to the Issuer's share incentive plans; and (iii) any Shares held by Parent, HoldCo, Merger Sub, the Issuer or any of their respective subsidiaries. Pursuant to the terms of the Merger Agreement, at the Effective Time, each Dissenting Share issued and outstanding immediately prior to the Effective Time will be cancelled and cease to exist and holders of Dissenting Shares upon serving a valid written notice of dissent under Section 238(5) of the Companies Act of the Cayman Islands will be entitled thereof to receive only the payment of the fair value of such Dissenting Shares determined in accordance with the provisions of Section 238 of the Companies Act of the Cayman Islands.

If the Merger is consummated, the Issuer will become a private company held by the HoldCo and beneficially owned by the Reporting Persons and other Rollover Shareholders and their respective affiliates, and the quotation of the Shares and ADSs will be removed from the OTC Market.

It is anticipated that approximately US$112 million will be expended to complete the Merger. This amount includes (a) the estimated funds required to (i) purchase the outstanding Shares (including Shares represented by ADSs, other than Excluded Shares, Dissenting Shares) at a purchase price of US$2.9641 per ADS or US$0.4940 per Ordinary Share, and (ii) settle outstanding Company Equity Awards (as defined in the Merger Agreement) in accordance with the terms of the Merger Agreement, and (b) the estimated transaction costs associated with the transactions contemplated by the Merger Agreement and the other Transaction Documents (as defined in the Merger Agreement), including the Merger (the "Transactions").

The Transactions will be funded through a combination of (a) cash contributions contemplated by the equity commitment letters (each, an "Equity Commitment Letter" and, collectively, the "Equity Commitment Letters"), each dated as of May 12, 2026, by and between Parent and each of Trustbridge VII, Cloopen Co, and Retail Technology Asia Limited ("Dmall"), (b) proceeds from a committed term loan facility contemplated by the debt commitment letter, dated as of May 12, 2026 (the "Debt Commitment Letter"), by and between Parent and China Minsheng Banking Corp., Ltd. Shanghai Pilot Free Trade Zone Branch (the "Lender"), and (c) rollover equity contributions by the Rollover Shareholders, which will be cancelled and cease to exist without payment of any consideration or distribution therefor.

Under the terms and subject to the conditions of the Equity Commitment Letter executed and delivered by Trustbridge VII, Trustbridge VII will provide, or cause to be provided, equity financing to Parent in an amount of US$36,000,000 in connection with the Transactions.

Under the terms and subject to the conditions of the Equity Commitment Letter executed and delivered by Cloopen Co, Cloopen Co will provide, or cause to be provided, equity financing to Parent in an amount of US$300,000 in connection with the Transactions.

Under the terms and subject to the conditions of the Equity Commitment Letter executed and delivered by Dmall, Dmall will provide, or cause to be provided, equity financing to Parent in an amount of US$36,000,000 in connection with the Transactions.

Under the terms and subject to the conditions of the Debt Commitment Letter, the Lender has committed to underwrite, provide and fund a term loan facility in RMB up to the equivalent of US$42,000,000 to fund the Transactions.

Concurrently with the execution and delivery of the Merger Agreement, the Management Party (as defined in the Support Agreement), the Supporting Shareholders (as defined in the Support Agreement), and HoldCo entered into a support agreement (the "Support Agreement"), pursuant to which, among other things, each Supporting Shareholder agreed, upon the terms and subject to the conditions set forth therein, (a) to vote all Shares (including Shares represented by ADSs) held by such Supporting Shareholder, together with any Shares (including Shares represented by ADSs) acquired by such Supporting Shareholder or any of such Supporting Shareholder's Affiliates following the date hereof and prior to the Closing, in favor of the authorization and approval of the Merger Agreement, the Plan of Merger, the Post-Closing M&A (as defined in the Merger Agreement) and the consummation of the Transactions, including the Merger, and (b) to subscribe for or otherwise receive shares of HoldCo at or immediately prior to the Effective Time in consideration of, and receive no cash consideration for, the cancellation of the Rollover Shares and the Company Equity Awards held by each Rollover Shareholder in accordance with the terms of the Merger Agreement. For the purpose of streamlining the holding structure in connection with the Transactions, Tencent intends to cause THL H Limited to transfer 1,249,998 Class A Ordinary Shares to Image Frame (the "Internal Transfer"), following which Image Frame will directly hold an aggregate of 13,049,682 Class A Ordinary Shares to be subject to the Support Agreement.

Concurrently with the execution and delivery of the Merger Agreement, Trustbridge VII, Mr. Sun, Cloopen Co, and Dmall entered into an interim investors agreement (the "Interim Investors Agreement") with Parent, HoldCo and Merger Sub, pursuant to which the parties thereto agreed to certain terms and conditions that will govern the actions of Parent, HoldCo and Merger Sub and the relationship among the Investors (as defined in the Interim Investors Agreement) with respect to the Transactions.

Concurrently with the execution and delivery of the Merger Agreement, Trustbridge VII executed and delivered a limited guarantee in favor of the Issuer with respect to a portion of the payment obligations of Parent or HoldCo under the Merger Agreement for the Parent Termination Fee (as defined in the Merger Agreement) that may become payable to the Issuer by HoldCo under certain circumstances and certain costs and expenses, as set forth in the Merger Agreement.

Concurrently with the execution and delivery of the Merger Agreement, Cloopen Co executed and delivered a limited guarantee in favor of the Issuer with respect to a portion of the payment obligations of Parent or HoldCo under the Merger Agreement for the Parent Termination Fee (as defined in the Merger Agreement) that may become payable to the Issuer by HoldCo under certain circumstances and certain costs and expenses, as set forth in the Merger Agreement.

Concurrently with the execution and delivery of the Merger Agreement, Dmall executed and delivered a limited guarantee in favor of the Issuer with respect to a portion of the payment obligations of Parent or HoldCo under the Merger Agreement for the Parent Termination Fee (as defined in the Merger Agreement) that may become payable to the Issuer by HoldCo under certain circumstances and certain costs and expenses, as set forth in the Merger Agreement (together with the limited guarantees executed and delivered by Trustbridge VII and Cloopen Co, the "Limited Guarantees", and each, a "Limited Guarantee").

The information disclosed in this Item 4 does not purport to be complete and is qualified in its entirety by reference to the Merger Agreement, the Equity Commitment Letters, the Debt Commitment Letter, the Support Agreement, the Interim Investors Agreement and the Limited Guarantees, copies of which are attached hereto as Exhibits 99.5, 99.6, 99.7, 99.8, 99.9, 99.10, 99.11, 99.12, 99.13 and 99.14, respectively, and which are incorporated herein by reference in their entirety.

Except as set forth in this Item 4, the Reporting Persons have no present plans or proposals that relate to, or that would result in, any of the actions specified in clauses (a) through (j) of Item 4 of Schedule 13D. The Reporting Persons may, at any time and from time to time, formulate other purposes, plans or proposals regarding the Issuer, or any other actions that could involve one or more of the types of transactions or have one or more of the results described in paragraphs (a) through (j) of Item 4 of Schedule 13D.

**Item 5. Interest in Securities of the Issuer**

**(a)**
Item 5 of the Schedule 13D is hereby amended and restated in its entirety as follows:

The responses of each of the Reporting Persons with respect to Rows 7 through 13 of the cover pages of this Amendment (including but not limited to footnotes to such information) are incorporated herein by reference.

The information set forth in Items 2, 3, and 4 is incorporated herein by reference.

The Reporting Persons (except for TBAA) may be deemed to be members of a "group" pursuant to Section 13(d) of the Act as a result of their actions in respect of the Merger. However, each Reporting Person expressly disclaims beneficial ownership for all purposes of the Class A Ordinary Shares (including Class A Ordinary Shares in the form of ADSs) and Class B Ordinary Shares that are beneficially owned (or deemed to be beneficially owned) by the other Reporting Persons or any other reporting person. Neither the filing of the Schedule 13D, this Amendment nor any of its contents shall be deemed to constitute an admission that any of the Reporting Persons beneficially owns any Class A Ordinary Shares (including Class A Ordinary Shares in the form of ADSs) or any Class B Ordinary Shares that are beneficially owned (or deemed to be beneficially owned) by the other Reporting Persons or any other reporting person. The Reporting Persons are only responsible for the information contained in the Schedule 13D and this Amendment and assume no responsibility for information contained in any other Schedule 13D filed by any other reporting person.

**(b)**
see (a)

**(c)**
Except as disclosed in this Amendment or previously reported in the Schedule 13D, to the best knowledge of each of the Reporting Persons, there have been no transactions in the securities of the Issuer effected by the Reporting Persons within the last 60 days.

**Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.**

Item 6 of the Schedule 13D is hereby supplemented by adding the following:

Item 4 of this Amendment is incorporated herein by reference.

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** TB Alternative Assets Ltd.

**Signature:** /s/ Shujun Li

**Name/Title:** Shujun Li, Director

**Date:** 05/13/2026

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Trustbridge Partners V, L.P.

**Signature:** /s/ Verity Priest

**Name/Title:** Verity Priest, Authorized Signatory

**Date:** 05/13/2026

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Trustbridge Partners VII, L.P.

**Signature:** /s/ Verity Priest

**Name/Title:** Verity Priest, Authorized Signatory

**Date:** 05/13/2026

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** TB Partners GP5 Limited

**Signature:** /s/ Verity Priest

**Name/Title:** Verity Priest, Director

**Date:** 05/13/2026

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** TB Partners GP7 Limited

**Signature:** /s/ Verity Priest

**Name/Title:** Verity Priest, Director

**Date:** 05/13/2026

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Changxun Sun

**Signature:** /s/ Changxun Sun

**Name/Title:** Changxun Sun

**Date:** 05/13/2026

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Cloopen Co., Ltd.

**Signature:** /s/ Changxun Sun

**Name/Title:** Changxun Sun, Director

**Date:** 05/13/2026

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Flawless Success Limited

**Signature:** /s/ Menghan Du

**Name/Title:** Menghan Du, Director of Kastle Limited which is the director of Flawless Success Limited

**Date:** 05/13/2026

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Tencent Holdings Limited

**Signature:** /s/ Huateng Ma

**Name/Title:** Huateng Ma, Director

**Date:** 05/13/2026

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Image Frame Investment (HK) Limited

**Signature:** /s/ Tse Cheuk Yin Tiffany

**Name/Title:** Tse Cheuk Yin Tiffany, Director

**Date:** 05/13/2026

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Parantoux Vintage PE Ltd.

**Signature:** /s/ Yang Diao

**Name/Title:** Yang Diao, Director

**Date:** 05/13/2026

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Yang Diao

**Signature:** /s/ Yang Diao

**Name/Title:** Yang Diao

**Date:** 05/13/2026

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Novo Investment HK Limited

**Signature:** /s/ Fei Xun

**Name/Title:** Fei Xun, Director

**Date:** 05/13/2026

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Shenzhen Nuohe Investment Partnership Enterprise (Limited Partnership)

**Signature:** /s/ Shuguang Shi

**Name/Title:** Shuguang Shi, Authorized Signatory

**Date:** 05/13/2026

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** China Reform Venture Capital Investment Management (Shenzhen) Ltd.

**Signature:** /s/ Jie Huang

**Name/Title:** Jie Huang, Authorized Signatory

**Date:** 05/13/2026