Trident’s acquisition of a 30% stake in Tongxin Innovation Limited, which operates a Telegram-based Web 3.0 e-commerce platform, will broaden Trident’s ecosystem and capabilities, offering another avenue for future growth.

SINGAPORE, Aug. 18, 2025 — Trident Digital Tech Holdings Ltd (“Trident” or the “Company,” NASDAQ: TDTH), a Singapore-based company focused on digital transformation and Web 3.0 activation, announced today that it has signed a definitive sales and purchase agreement (the “SPA”) to acquire a 30% equity stake in Tongxin Innovation Limited (“Tongxin”). Tongxin operates ToMe, a Web 3.0 e-commerce platform on Telegram. The proposed transaction is valued at approximately US$3 million and will be completed through the issuance of Trident’s ADSs in the form of Class B ordinary shares to Tongxin’s shareholders. This implies a total valuation of approximately US$10 million for Tongxin. This strategic investment significantly expands Trident’s Web 3.0 ecosystem and highlights the company’s dedication to pioneering blockchain-enabled e-commerce solutions.

According to Tongxin, ToMe is an innovative Web 3.0 e-commerce application built on Telegram, a global messaging platform used by over a billion people. The platform addresses typical e-commerce challenges through its 4F value proposition: Fair, Fast, Friendly, and Free. This represents its focus on digital property rights, stablecoin settlement, a community-based ecosystem, and a commitment to free trade. Tongxin has formed strategic partnerships with leading decentralized blockchain ecosystem projects on Ton, whose combined user base of over 10 million maintains active communities in Dubai, Singapore, and Hong Kong. It has also reached preliminary agreements with leading real-world asset (“RWA”) companies that operate AI-powered shopping malls in Southeast Asia. The leadership team’s extensive experience from companies like eBay, Paypal, Tencent and JD.com positions Tongxin to develop a global online and offline micro-business ecosystem.

The combination of Trident’s blockchain-based identity platform, Tridentity, and ToMe’s Web 3.0 e-commerce infrastructure will create a robust ecosystem for secure, authenticated digital commerce. Integrating Tridentity’s single-sign-on authentication with ToMe’s e-commerce platform will improve security and user experience throughout the transaction process. Trident can also use its presence in Singapore, Africa, and other fast-growing markets to expand ToMe’s reach beyond its current user base. The combined expertise of both companies will speed up the adoption of blockchain in mainstream commerce, leading to new use cases and revenue opportunities.

“This acquisition aligns perfectly with our goal of becoming a global leader in Web 3.0 enablement,” said Soon Huat Lim, Founder, Chairman, and Chief Executive Officer of Trident. “Tongxin’s ToMe platform represents the future of e-commerce, seamlessly integrating blockchain technology with one of the world’s largest messaging platforms. The synergies between ToMe’s Web 3.0 commerce capabilities and our Tridentity blockchain identity platform create significant opportunities for innovation and growth.”

About Trident

Trident is a key driver of digital transformation in technology optimization and Web 3.0 activation. Its main product, Tridentity, is a blockchain-based identity platform designed to provide secure single-sign-on authentication across various industries. Trident aims to become a global leader in Web 3.0 enablement, connecting organizations to reliable and secure digital infrastructure with optimized user experiences, with a focus on Southern Africa and other rapidly growing markets.

Safe Harbor Statement

This announcement includes statements that may be considered “forward-looking” statements as defined by the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements can be identified by terms such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to,” and similar expressions. The Company may also make forward-looking statements in its reports to the U.S. Securities and Exchange Commission (the “SEC”), its annual report to shareholders, in announcements and other written materials, and in oral statements made by its officers, directors, or employees. Statements that are not historical facts, including statements about the Company’s beliefs, plans, and expectations, are forward-looking statements. Several factors could cause actual results to differ materially from those in any forward-looking statement, including but not limited to: the proposed acquisition of 30% equity interests in Tongxin may not occur as planned; potential negative reactions or changes to business relationships; adverse changes in economic or market conditions; actions by third parties, including government agencies; the Company’s strategies, future business development, and financial condition and results of operations; the expected growth of the digital solutions market; political, economic, social and legal developments in the jurisdictions where the Company operates or intends to expand; the Company’s ability to maintain and strengthen its brand. More information regarding these and other risks is included in the Company’s filings with the SEC. All information in this announcement is current as of the date of this announcement, and the Company does not undertake any obligation to update any forward-looking statement, except as required by law.

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