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Sharon AI Successfully Delivers AI Cloud Deployment for Global Technology Customer

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NEW YORK, Aug. 20, 2026 /PRNewswire/ — SharonAI Holdings Inc. (NASDAQ: SHAZ) and its subsidiaries (“Sharon AI” or “the Company”), a leading Australian Neocloud, today announced the successful delivery and customer acceptance of an initial AI Cloud deployment for a global technology company with a major Asia-Pacific presence.

Customer acceptance marks the completion of a key milestone under the five-year AI Cloud infrastructure agreement, which has a total initial contract value of approximately US$950m. Acceptance also triggers release of cash security currently held in escrow.

The deployment is the first phase of this customer contract, and part of a series of additional NVIDIA GPU clusters that Sharon AI expects to deliver over the coming months. Under the agreement, Sharon AI is deploying AI Cloud solutions across multiple data centers in Australia, with revenue expected to commence in stages across the third and fourth quarters of 2026.

“Delivering AI infrastructure at scale requires coordinated execution across data center readiness, compute, storage, networking and customer integration,” said James Manning, Co-Founder and Chief Executive Officer of Sharon AI. “This successful deployment demonstrates our ability to bring together a global partner ecosystem and coordinate specialist teams to meet customer delivery requirements. The capabilities and operating discipline developed through this project strengthen our delivery platform as we deploy future clusters, bringing our secured and contracted capacity online, and supporting durable long-term growth.”

Sharon AI has secured 212MW of AI Factory capacity, of which 120MW is contracted under multi-year take-or-pay agreements. The accepted deployment represents further progress in bringing this secured and contracted capacity online. The Company continues to advance its AI Factory platform to address strong demand for high-performance, sovereign AI infrastructure across Australia, New Zealand and the Asia-Pacific region.

About Sharon AI

Sharon AI (NASDAQ: SHAZ) is a leading Australian neocloud expanding access to artificial intelligence through trusted, secure and sovereign AI infrastructure. Through its AI Factory platform and colocation partners, Sharon AI enables organisations across Australia, New Zealand, and globally to confidently build, train and deploy AI at scale. For more information, visit www.sharonai.com.

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media@sharonai.com

Investors
investors@sharonai.com

Disclosure Information

Sharon AI primarily uses its Investor Relations page (https://sharonai.com/investors/) to disclose material non-public information and to comply with its disclosure obligations under Regulation FD. The Company also notes that, at times, it uses other communication mediums including, but not limited to, its X account (sharon__ai) and/or LinkedIn account (sharon-AI) to disseminate information about the Company, and can be additional sources of information outside press releases, regulatory filings with the SEC and any other conference calls, webcasts, investor days, etc. that the company may hold.

Forward-Looking Statements

This press release may contain, and our officers and representatives may from time to time make, “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, which are not historical facts, and which are not assurances of future performance. Forward-looking statements are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. In some cases you can identify these statements by forward-looking words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “could,” “should,” “would,” “project,” “strategy,” “plan,” “expect,” “goal,” “seek,” “future,” “likely” or the negative or plural of these words or similar expressions or references to future periods. Forward-looking statements in this release include specific statements regarding the intended use of proceeds. Examples of such forward-looking statements include but are not limited to express or implied statements regarding Sharon AI’s management team’s expectations, hopes, beliefs, intentions or strategies regarding the future including, without limitation, statements regarding:

Service and product offerings;Receipt and use of proceeds;The deployment of assets and expansion of network procurement;Sharon AI’s ability to engage with additional potential customers;Expansion of Sharon AI’s data center footprint and capacity; andThe strengthening of Sharon AI’s partner network.

In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. You are cautioned that such statements are not guarantees of future performance and that actual results or developments may differ materially from those set forth in these forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause actual results to differ materially from these forward-looking statements include, among others, all of the risks described in the “Risk Factors” section of the Company’s most recent Annual Report on Form 10-K filed with the SEC and other reports subsequently filed with the SEC. Additional assumptions, risks and uncertainties are described in detail in our registration statements, reports and other filings with the SEC, which are available at www.sec.gov. 

The forward-looking statements and other information contained in this news release are made as of the date hereof and Sharon AI does not undertake any obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

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SOURCE SharonAI Holdings Inc.

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State Grid Changzhou Power Supply Company Commissions the City’s First Whole-Village Photovoltaic Project

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CHANGZHOU, China, Nov. 9, 2026 /PRNewswire/ — On November 5, Changzhou’s first whole-village photovoltaic (PV) project was officially commissioned in Heshu Village, Lijia Town, Wujin District. Rooftops of 40 households and the village’s corridors accommodate a total of 1.08 MW of PV capacity, yet from a distance, almost no trace of the installation can be seen.

This “invisibility” is by design. Heshu Village’s rural houses were delivered under unified planning and construction in November 2022. The village is a pilot for Jiangsu Province’s homestead system reform and a national demonstration village for rural governance. Its neat eaves and ample rooftop area provided favorable conditions for whole-village PV development, while also imposing higher requirements on construction.

For the two housing types of 140 square meters and 90 square meters, the contractor designed customized layouts of 36 and 25 modules respectively, with PV panels laid along the roof slope. In conventional practice, the gap between PV panels and tiles is about 20 centimeters; in Heshu Village, it was reduced to 12 centimeters. Down-conductors are routed neatly along walls, so the rooftops look flat from afar and the layout appears orderly up close, without disrupting the original contours of the houses.

“From a distance, it looks like village scenery; only up close can you tell it is a PV power station,” said Zhang Xiongwei, project contact person at State Grid Changzhou Power Supply Company. He explained that, in line with Heshu Village’s Jiangnan water-town character of white walls and dark tiles, the project follows the original roof contours and uses black, low-reflection PV modules so that the PV equipment blends into the rooftops. Power supporting equipment is painted or decorated with colored drawings to fit the surrounding village landscape and merge into the village’s appearance.

According to estimates, the whole-village PV project generates about 1.18 million kWh of electricity annually, equivalent to the annual electricity consumption of 360 ordinary households, and can reduce carbon dioxide emissions by about 700 tons per year. With green benefits secured, the question is how to divide the economic returns. Heshu Village adopted a model of “government promotion, grid support, state-owned enterprise demonstration, village committee organization, and resident benefits”: the state-owned platform Wujin Digital Energy is responsible for investment, construction, and operation and maintenance, and pays rent to residents and the village committee; the village committee convenes general meetings of property owners to promptly respond to residents’ concerns and organize contract signing; and Changzhou Power Supply Company is responsible for technical guidance and the connection of supporting power facilities.

Residents only need to provide their rooftops and can receive a cumulative rooftop rental income of about 33,000 yuan over 20 years. In addition to a three-year roof waterproofing insurance, State Grid Changzhou Power Supply Company has also introduced Yingda Insurance to provide a seven-year extended warranty service. The village collective receives rent for the PV corridors, as well as incentives that give back to rural development, such as village street lighting, Party-building publicity sites, and convenient service venues. The investor earns returns through power generation, with an investment payback period of about 11 years. The project adopts a connection scheme of “800 V low-voltage collection and 10 kV medium-voltage grid connection,” significantly improving power quality and supply reliability and markedly enhancing the project’s ability to interact with the power grid.

The 2026 No. 1 Central Document proposed “advancing the construction of livable, workable, and beautiful villages in accordance with local conditions,” and the National Energy Administration requires “guiding the scientific layout and orderly development of rural distributed PV according to grid carrying capacity.” Heshu Village’s exploration is precisely the implementation of this guidance at the village level. In the future, Changzhou will also explore promoting the simultaneous design and integrated construction of rural self-renewal housing and PV, so that such village landscapes can take root in more rural areas.

View original content:https://www.prnewswire.com/apac/news-releases/state-grid-changzhou-power-supply-company-commissions-the-citys-first-whole-village-photovoltaic-project-302933146.html

SOURCE State Grid Changzhou Power Supply Company

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UAE becomes first country outside Europe to implement eATA Carnet system

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DUBAI, UAE, Nov. 9, 2026 /PRNewswire/ — The UAE commenced its rollout of the eATA Carnet system on 9 November 2026, becoming the first country outside Europe to adopt the innovative digital solution. The initiative is being implemented through collaboration between Dubai Chambers, the Federal Authority for Identity, Citizenship, Customs and Port Security (ICP), and Dubai Customs.

The system enables ATA Carnets to be issued and processed electronically, replacing paper-based procedures with digital declarations, QR codes, and transaction records. It is designed to accelerate customs clearance, improve transparency, and facilitate international trade and events.

Dubai Chamber of Commerce, one of the three chambers under the umbrella of Dubai Chambers, has served as the UAE’s National Guaranteeing and Issuing Association for ATA Carnets since 2011. The chamber played a key role in preparing for the implementation, working closely with national customs authorities and the International Chamber of Commerce (ICC) on technical consultations, training, and pre-launch testing.

Dubai Chambers is one of only 13 of the ICC’s 1,200 member chambers worldwide to implement the eATA Carnet system.

ATA Carnets allow eligible goods to enter participating countries temporarily without payment of customs duties or taxes, provided they are subsequently re-exported. Valid for up to one year, they simplify customs requirements for exhibitions, commercial samples, and professional equipment, reducing paperwork and the need for separate customs guarantees.

Between the UAE’s adoption of the ATA Carnet system in 2011 and the end of 2025, 63,591 carnets were issued and received, covering goods worth AED 54.4 billion. In 2025 alone, Dubai Chamber of Commerce issued and received 5,960 carnets covering goods valued at AED 5.6 billion, up 11.2% in number and 30% in value year-on-year.

The UAE’s transition follows the June 2026 rollout across 30 European countries. Full global digitalisation of the ATA Carnet system is expected by 1 January 2028.

About Dubai Chambers

Dubai Chambers is a non-profit public entity that supports Dubai’s vision as a global business hub by empowering businesses, providing innovative value-added services, and unlocking access to influential networks.

For more information, please contact:

Mohamad Mouzehem
mohamad.mouzehem@dubaichamber.com

 

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Agilix Labs Awarded AWS Education Equity Initiative Grant for Finder Program in Sierra Leone

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FREETOWN, Sierra Leone, Nov. 9, 2026 /PRNewswire/ — Agilix Labs has been awarded a grant to use AI and cloud technology from Amazon Web Services, Inc. (AWS) through the AWS Education Equity Initiative to support the Finder Program in Sierra Leone. The program is run by the Future Learning Institute (FLI), which Agilix Labs established in 2025 under an agreement with the country’s Ministry of Technical and Higher Education. On Nov. 10, FLI formally launches the program and opens its second Community Learning Center at Freetown Polytechnic.

A Finder is a young person the community brings its questions to. The Finder uses AI with local judgment, checks the work and brings back something a trader, a farmer or a teacher can use.

The program is for young Sierra Leoneans who qualified for university but couldn’t get a place, including young women, students with disabilities and young people from rural areas and low-income families.

“Our young people know their communities better than anyone,” said Mustapha Turay, President, FLI Centers in Sierra Leone. “I promised myself that whatever education I got in the United States, I would bring it home. We started in Kono. Now Freetown has a center of its own.”

Over the year-long program, learners take on questions from local businesses and community groups and work with AI to answer them. Lessons run on Agilix Dawn, which keeps working when the signal drops. With the grant, learners’ AI work will run on AWS, through Amazon Bedrock.

“We founded FLI to help young people get jobs, starting with those who were ready to learn and had no place to do it,” said Curt Allen, Co-Founder, Chairman and CEO, Agilix Labs. “At our centers, they use AI to serve their own communities. Finder is the job we’re training them for.”

Schedule, fact sheet and photos: www.agilix.com/fli/press.

About the Future Learning InstituteA
The Future Learning Institute (FLI) trains young Sierra Leoneans to become Finders. Its center at Freetown Polytechnic opens in November 2026. Its Kono District center opened in March 2026.

About Agilix Labs
Agilix Labs is an education technology company based in Lehi, Utah. Its Buzz platform has supported more than 55 million course enrollments, with users in more than 200 countries and territories. www.agilix.com

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SOURCE Agilix

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