Chaince Digital Repurchases and Cancels Warrants for US$2.0 Million in Cash

NEW YORK, Sept. 24, 2026 (GLOBE NEWSWIRE) -- Chaince Digital Holdings Inc. (Nasdaq: CD) (“Chaince Digital” or the “Company”) (formerly Mercurity Fintech Holding Inc.), a digital finance and technology company focused on tokenization, on-chain innovation, and regulated brokerage services, today announced that it has entered into and closed the transactions under a Warrant Repurchase Cancellation and Release Agreement (the “Agreement”) with the holders of the warrants issued in its private placement priced on November 30, 2023 (the “Holders”). The Agreement was executed and the transaction closed on September 21, 2026.

Under the Agreement, the Company repurchased and permanently canceled all of the warrants held by the Holders for aggregate cash consideration of US$2.0 million. No shares were issued in the transaction, and none of the warrants had been exercised. The Holders also released the Company and certain related persons from claims arising from the warrants, subject to the exceptions set forth in the Agreement. As a result of the cancellation, the Company no longer has any contractual obligation to issue or reserve ordinary shares under the warrants, eliminating the potential dilution associated with them.