SANGRIX INC.

SANGRIX INC. is a company that has evolved its business focus from cryptocurrency mining and now concentrates on AI computing and digital infrastructure, alongside managing a Dogecoin treasury program. The company entered the Bitcoin mining business in December 2021 but ceased these operations in the United States in December 2023 due to high operating costs. SANGRIX INC. has suspended further expansion of its proprietary cryptocurrency mining operations and has not committed to restarting them. In July 2025, the company established a dedicated Dogecoin treasury program. As of the issuance date of this annual report, SANGRIX INC. held 67,543,745 Dogecoin, including 30,000,000 DOGE subject to redemption notices from three investors in an August 2025 private placement, with these redemptions remaining outstanding. The company currently has no plans to make additional material purchases of Dogecoin and has sold portions of its DOGE holdings to support working capital and its transition to AI computing infrastructure. In 2026, SANGRIX INC. began expanding its business focus toward AI computing and digital infrastructure. As part of this strategy, it acquired 16 GPU servers and entered into a management agreement for their deployment, management, and commercialization. These servers have not yet been delivered or deployed and are currently expected to be deployed in Malaysia during the third quarter of 2026, contingent on equipment delivery, customer commitments, hosting arrangements, and other operational factors. The company intends to evaluate additional opportunities in GPU computing, server leasing, data center infrastructure, and related services.