Yueda Digital Holding

We were incorporated in the Cayman Islands on April 12, 2007 and conducted our Legacy Business operations in China through our subsidiaries, and the consolidated affiliated entities. On November 7, 2007, we listed our ADSs on the Nasdaq Global Market under the symbol AMCN. We and certain of our then shareholders completed the initial public offering of 17,250,000 ADSs, representing 34,500,000 of our ordinary shares, on November 13, 2007. Our ADSs were subsequently transferred to the Nasdaq Global Select Market, and transferred to the Nasdaq Capital Market in November 2018. On April 11, 2019, we changed our ADS share ratio from one ADS representing two ordinary shares to one ADS representing 10 ordinary shares. Our trading symbol on the Nasdaq Capital Market has been changed from AMCN to ANTE effective on June 13, 2019, and further to YDKG effective on September 19, 2025. Effective on December 9, 2022, we consolidated every forty of the authorized (whether issued or unissued) shares of each class of par value of US$0.001 each in the capital of our company into one share of the same class of par value of US$0.04 each. Upon the 2022 Share Consolidation, the ratio of our ADS was amended from one ADS representing 10 ordinary shares to one ADS representing one ordinary share. Effective on November 14, 2025, we consolidated every one hundred of the authorized (whether issued or unissued) shares of each class of par value of US$0.04 each in the capital of our company into one share of the same class of par value of US$4.00 each.