AIRWA INC. — fact timeline

Hongyu Zhou resigned as Chairman of the board of directors at AIRWA INC..

“On June 2, 2026, Hongyu Zhou, Chairman of the board of directors (the “ Board ”) of AiRWA Inc. (the “ Company ”), resigned from the Board, effective immediately.”

AIRWA INC.: AiRWA Inc. filed a Certificate of Amendment to effect a 1-for-40 reverse stock split of its common stock, effective May 18, 2026 (effective 2026-05-18).

“On May 15, 2026, AiRWA Inc. (the “ Company ”) filed a Certificate of Amendment to the Certificate of Incorporation of the Company, as amended, with the Secretary of State of the State of Delaware, to effect a reverse stock split of the Company’s common stock, par value $0.001 (the “ Common Stock ”) at a ratio of 1-for-40 (the “ Reverse Stock Split ”), which became effective on May 18, 2026, at 12:01 a.m., Eastern time.”

AIRWA INC. entered into Share Purchase Agreement with various sellers (the "Sellers") valued at $140,000,000 (effective 2026-01-30).

“On January 30, 2026, AiRWA Inc. (the " Company ") entered into a share purchase agreement (the " Share Purchase Agreement ") with various sellers (the " Sellers ") to acquire all the share capital of Aberfeldy Holdings Limited (the " Target "), a Seychelles holding company owning 100% of 26 Rafael Sdn. Bhd., a Malaysian operating company (the " Target Subsidiary "), for $140,000,000 (the " Consideration "), payable in cash (the " Transaction ").”

AIRWA INC. completed an acquisition involving various sellers for $140,000,000, payable in cash (closed 2026-01-30).

“of Aberfeldy Holdings Limited (the “ Target ”), a Seychelles holding company owning 100% of 26 Rafael Sdn. Bhd., a Malaysian operating company (the “ Target Subsidiary ”), for $140,000,000 (the “ Consideration ”), payable in cash (the “ Transaction ”). The Target Subsidiary is an AI-specialist company providing end-to-end full-cycle services designed to empower”

AIRWA INC. issued 4,215,000 shares of common stock to Hongyu Zhou for $1.37 per share.

“The Company agreed to sell to Mr. Zhou 4,215,000 shares of common stock of the Company, par value $0.001 per share (the “ Common Stock ”), at a purchase price of $1.37 per share of Common Stock”

AIRWA INC. entered into Purchase Agreement with Hongyu Zhou valued at approximately $5,774,550 (effective 2026-01-14).

“On January 14, 2026, AiRWA Inc. (the “ Company ”) entered into a securities purchase agreement (the “ Purchase Agreement ”) with Hongyu Zhou, the Chairman of the Company, pursuant to which the Company agreed to sell to Mr. Zhou 4,215,000 shares of common stock of the Company, par value $0.001 per share (the “ Common Stock ”), at a purchase price of $1.37 per share of Common Stock (the “ Transaction ”).”

AIRWA INC. entered into Placement Agency Agreement with A.G.P./Alliance Global Partners valued at Cash fee equal to 5.0% of aggregate gross proceeds of the Offering plus expense reimbursements (effective 2025-12-18).

“In connection with the Offering, the Company entered into a placement agency agreement (the " Placement Agency Agreement "), dated December 18, 2025, with A.G.P./Alliance Global Partners (the " Placement Agent ") pursuant to which the Company agreed to pay the Placement Agent a total cash fee equal to 5.0% of the aggregate gross proceeds of the Offering and to reimburse the Placement Agent for (i) up to $15,000 for non-accountable expenses and (ii) up to $55,000 for the out-of-pocket accountable legal expenses incurred by the Placement Agent in connection with the Offering.”

AIRWA INC. entered into Share Purchase Agreement with certain investors valued at 15,382,378 shares of Common Stock at $1.02 per share for approximately $15,690,030 gross proceeds (effective 2025-12-18).

“On December 18, 2025, AiRWA Inc. (the " Company ") entered into a share purchase agreement (the " Purchase Agreement ") with certain investors, pursuant to which the Company agreed to sell to such investors 15,382,378 shares (the " Shares ") of common stock of the Company, par value $0.001 per share (the " Common Stock "), at a purchase price of $1.02 per share of Common Stock (the " Offering ").”

AIRWA INC.: Certificate of Amendment to Certificate of Incorporation to effect a 1-for-50 reverse stock split, effective October 27, 2025 (effective 2025-10-27).

“On October 22, 2025, AiRWA Inc. (the “ Company ”) filed a Certificate of Amendment to the Certificate of Incorporation of the Company, as amended, with the Secretary of State of the State of Delaware, to effect a reverse stock split of the Company’s common stock, par value $0.001 (the “ Common Stock ”) at a ratio of 1-for-50 (the “ Reverse Stock Split ”), which will become effective on October 27, 2025, at 12:01 a.m., Eastern time.”

AIRWA INC.: Amended certificate of incorporation to change company name from Connexa Sports Technologies Inc. to AiRWA Inc (effective 2025-09-30).

“On September 30, 2025, to effectuate the Name Change, the Company filed a Certificate of Amendment (the “ Charter Amendment ”) to the Certificate of Incorporation of the Company, as amended, with the Secretary of State of the State of Delaware.”

AIRWA INC. received a nasdaq deficiency notice notice regarding board independence (rules 5605, 5605(b)(1)(A), 5605(c)(4)).

“July 9, 2025, Connexa Sports Technologies Inc. (the “ Company ”) received a letter (the “ Notice ”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“ Nasdaq ”) indicating that, as a result of Warren Andrew Thomson’s resignation from the Board of Directors of the Company (the “ Board ”) and the audit committee of the Board (the “ Audit Committee ”), effective June 12, 2025, the Company is not currently in compliance with Nasdaq Listing Rule 5605. The Notice has no immediate effect on the listing or trading of the Company’s common stock. Nasdaq Listing Rule 5605 requir”

Warren Andrew Thomson resigned as Director at AIRWA INC..

“On June 12, 2025, Warren Andrew Thomson resigned from the board of directors (the “Board”) of Connexa Sports Technologies Inc. (the “Company”) and all committees thereof, effective immediately.”

Thomas Tarala was appointed as secretary at AIRWA INC..

“The Company also appointed Mr. Tarala to the position of secretary of the Company as of February 12, 2025.”

AIRWA INC. completed an acquisition involving Yuanyu Enterprise Management Co., Limited for issuance of shares of the Company's common stock (closed 2024-11-21).

“the completion, on November 21, 2024, of the acquisition of a majority of Yuanyu Enterprise Management Co., Limited”

AIRWA INC. underwent a change of control involving Mr. Hongyu Zhou (closed 2024-11-21).

“As a result of the closing of the Transaction, a change of control of the Company occurred as the Seller became the owner of approximately 55.8% of the issued and outstanding shares of Common Stock and the board of directors of the Company (the “ Board of Directors ”) currently comprises individuals designated by the Seller.”

AIRWA INC. completed a disposition involving J&M Sports LLC for $1.00 (closed 2024-11-21).

“on November 21, 2024, the Company entered into a separation and assignment agreement (the “ Separation Agreement ”) with J&M Sports LLC, a Florida limited liability company (“ NewCo ”), to sell, transfer and assign all or substantially all of its legacy business, assets and liabilities related to or necessary for the operations of its “Slinger Bag” business or products (the “ Legacy Business ”) to NewCo, in consideration for $1.00.”

AIRWA INC. completed an acquisition involving Mr. Hongyu Zhou for $56 million (closed 2024-11-21).

“Agreements ”) to acquire a total of 70% of the issued and outstanding ordinary shares of YYEM from the sole shareholder of YYEM, Mr. Hongyu Zhou (the “ Seller ”), for a combined $56 million. $16.5 million of this amount was paid in cash on March 20, 2024 pursuant to the Share Purchase Agreement to acquire 20% of YYEM. On November 18, 2024, The Nasdaq Stock Market”

Kong Liu was appointed as Director at AIRWA INC..

“Kong Liu 35 Director”

Chenlong Liu was appointed as Director at AIRWA INC..

“Chenlong Liu 35 Director”

Warren Thomson was appointed as Director at AIRWA INC..

“Warren Thomson 48 Director”

Hongyu Zhou was appointed as Director at AIRWA INC..

“Hongyu Zhou 36 Director”

Guibao Ji was appointed as Chief Financial Officer at AIRWA INC..

“Guibao Ji 60 Chief Financial Officer”

Thomas Tarala was appointed as Chief Executive Officer and Director at AIRWA INC..

“Thomas Tarala 58 Chief Executive Officer and Director”

Rodney Rapson resigned as Director at AIRWA INC..

“all of the directors of the Company, namely, Mike Ballardie, Yonah Kalfa, Kirk Taylor, Stephen Crummey, and Rodney Rapson, resigned from the Board of Directors”

Stephen Crummey resigned as Director at AIRWA INC..

“all of the directors of the Company, namely, Mike Ballardie, Yonah Kalfa, Kirk Taylor, Stephen Crummey, and Rodney Rapson, resigned from the Board of Directors”

Kirk Taylor resigned as Director at AIRWA INC..

“all of the directors of the Company, namely, Mike Ballardie, Yonah Kalfa, Kirk Taylor, Stephen Crummey, and Rodney Rapson, resigned from the Board of Directors”

Mark Radom resigned as Executive Officer at AIRWA INC..

“all of the executive officers of the Company, namely, Mike Ballardie, Juda Honickman, Mark Radom, and Yonah Kalfa, resigned from their respective positions with the Company, effective immediately.”

Juda Honickman resigned as Executive Officer at AIRWA INC..

“all of the executive officers of the Company, namely, Mike Ballardie, Juda Honickman, Mark Radom, and Yonah Kalfa, resigned from their respective positions with the Company, effective immediately.”

Yonah Kalfa resigned as Executive Officer and Director at AIRWA INC..

“all of the executive officers of the Company, namely, Mike Ballardie, Juda Honickman, Mark Radom, and Yonah Kalfa, resigned from their respective positions with the Company, effective immediately.”

Mike Ballardie resigned as Executive Officer and Director at AIRWA INC..

“all of the executive officers of the Company, namely, Mike Ballardie, Juda Honickman, Mark Radom, and Yonah Kalfa, resigned from their respective positions with the Company, effective immediately.”

AIRWA INC. dismissed Olayinka Oyebola & Co as its auditor.

“and dismissed Olayinka Oyebola & Co (“OOC”) as the Company’s independent registered public accounting firm. Until B&A was engaged on October 31, 2024, OOC was the Company’s auditor”

AIRWA INC. engaged Bush & Associates CPA as its auditor.

“On October 30, 2024, the Board of Directors and the audit committee of Connex Sports Technologies Inc. (the “Company”) approved the engagement of Bush & Associates CPA (“B&A”) as the Company’s independent registered public accounting firm for the fiscal year ended April 30, 2025, effective immediately”

AIRWA INC. shareholders approved Amendment to October and December 2023 Warrants Exercise Price Proposal at the 2024-05-15 meeting.

“Proposal Seven: Amendment to October and December 2023 Warrants Exercise Price Proposal To approve the amendment to the exercise price of certain existing warrants, now held by Morgan Capital LLC, to $0.16 per share.”

AIRWA INC. shareholders approved Separation Proposal at the 2024-05-15 meeting.

“Proposal Six: Separation Proposal To approve the separation of the Company’s “Slinger Bag” business and products”

AIRWA INC. shareholders approved Reverse Stock Split Proposal at the 2024-05-15 meeting.

“Proposal Five: Reverse Stock Split Proposal To approve the Amendment to the Company’s certificate of incorporation to authorize a reverse stock split of its common stock within a range of 1-for-10 to 1-for-100”

AIRWA INC. shareholders approved Capital Increase Proposal at the 2024-05-15 meeting.

“Proposal Four: Capital Increase Proposal To approve the amendment to the Company’s certificate of incorporation to increase the authorized shares of its common stock from 300,000,000 shares to 1,000,000,000 shares.”

AIRWA INC. shareholders approved Share Exchange Proposal at the 2024-05-15 meeting.

“Proposal Three: Share Exchange Proposal To approve the issuance of shares of our common stock pursuant to that certain Share Exchange Agreement dated March 18, 2024”

AIRWA INC. shareholders approved Ratification of Appointment of Independent Registered Public Accounting Firm at the 2024-05-15 meeting.

“Proposal Two: Ratification of Appointment of Independent Registered Public Accounting Firm Proposal To approve the appointment of Olayinka Oyebola & Co. to continue as our independent registered public accounting firm for the fiscal year ending April 30, 2024.”

AIRWA INC. shareholders approved Election of Directors at the 2024-05-15 meeting.

“Proposal One: Election of Directors Proposal To approve the nominations of Mike Ballardie, Yonah Kalfa, Kirk Taylor, Stephen Crummey, and Rodney Rapson for election as directors at the Annual Meeting.”

AIRWA INC. received a nasdaq deficiency notice notice regarding shareholders (rules 5620(a), 5810(c)(2)(G)).

“May 1, 2024, Connexa Sports Technologies Inc. (the “ Company ”) received a letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“ Nasdaq ”) indicating that, due to the Company’s failure, in violation of Listing Rules 5620(a) and 5810(c)(2)G), to hold an annual meeting of shareholders within twelve months of the end of the Company’s fiscal year end of April 30, 2023, it no longer complies with the Nasdaq’s Listing Rules for continued listing. Under Nasdaq Rules, the Company has 45 calendar days from May 1, 2024 to submit a plan to regain compliance and if the Nasdaq”

AIRWA INC. entered into Share Exchange Agreement with Mr. Hongyu Zhou valued at $56 million (effective 2024-03-18).

“On March 18, 2024, Connexa Sports Technologies Inc. (the “ Company ”) entered into a share purchase agreement (the “ Share Purchase Agreement ”) and a share exchange agreement (the “ Share Exchange Agreement ,””

AIRWA INC. entered into Share Purchase Agreement with Mr. Hongyu Zhou valued at $16,500,000 (effective 2024-03-18).

“On March 18, 2024, Connexa Sports Technologies Inc. (the “ Company ”) entered into a share purchase agreement (the “ Share Purchase Agreement ”)”

AIRWA INC. amended Waiver, Warrant Amendment and Second Loan and Security Modification Agreement with certain institutional investors (the Lenders) and a certain institutional investor, as agent for the Lenders (the Agent) (effective 2024-02-21).

“On February 21, 2024, the Company and the Lenders and the Agent entered into a Waiver, Warrant Amendment and Second Loan and Security Modification Agreement (the “Waiver, Amendment, and Modification Agreement”).”

AIRWA INC. underwent a change of control involving Andy and Lion Co., Ltd., Junjie Enterprise Management Co., Limited, Xinsheng Enterprise Management Services Co., Ltd. for $5.5 million.

“As a result of the transactions contemplated by the Securities Purchase Agreements and the issuance of the Shares and Pre-Funded Warrants, control of the company now rests with each of (i) Andy and Lion Co., Ltd., (ii) Junjie Enterprise Management Co., Limited and (iii) Xinsheng Enterprise Management Services Co., Ltd. (each an “ Investor ” and, together, the “ Investors ”), each of whom acquired for a cash investment of $5.5 million (i) 19.99% of the Company’s issued and outstanding shares of the Company’s common stock and (ii) warrants to purchase an additional 25,169,800 shares of the Company’s common stock.”

AIRWA INC. entered into Securities Purchase Agreement with three investors valued at $0.20 per share of the common stock for an aggregate amount of approximately $16.5 million (effective 2024-01-19).

“Connexa Sports Technologies Inc. (the " Company ") entered into securities purchase agreements (the " Securities Purchase Agreement ") with three investors (the " Investors ") for the issuance and sale to each investor of (i) 2,330,200 shares of common stock (the " Common Stock Shares ") and (ii) pre-funded warrants (the " Pre-Funded Warrants ") to purchase an aggregate of 25,169,800 shares of its common stock (the " Pre-funded Warrant Shares ", together with the Common Stock Shares, the " Shares ") at a combined purchase price of $0.20 per share of the common stock for an aggregate amount of approximately $16.5 million”

AIRWA INC. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2)).

“December 12, 2023, Connexa Sports Technologies Inc. (the “ Company ”) received a letter (“ Notice ”) from the Listing Qualifications Department (the “ Staff ”) of The Nasdaq Capital Market (“ Nasdaq ”) informing the Company that because the closing bid price for the Company’s common stock listed on Nasdaq was below $1.00 for 30 consecutive trading days, the Company is not in compliance with the minimum bid price requirement for continued listing on the Nasdaq as set forth in Nasdaq Listing Rule 5550(a)(2) (the “ Minimum Bid Price Requirement ”). In accordance with Nasdaq Marketplace Rule 5810(”

AIRWA INC. entered into Inducement Letter with a certain holder valued at $1,461,827.68 (effective 2023-12-06).

“On December 6, 2023, Connexa Sports Technologies Inc. (the “Company”) entered into a inducement offer letter agreement (the “Inducement Letter”) with a certain holder (the “Holder”) of certain of the Company’s existing warrants”

AIRWA INC.: Reduced quorum requirement for shareholder meetings from majority to 33 1/3% (effective 2023-10-12).

“On October 12, 2023, the Board of Directors of Connexa Sports Technologies Inc. (the “Company”) approved an amendment to the Bylaws of the Company to reduce the percentage of shares of stock, issued and outstanding and entitled to vote, to be present in person or represented by proxy in order to constitute a quorum for the transaction of any business from a majority to thirty three and one third percent (33 1/3%).”

AIRWA INC. amended Loan and Security Modification Agreement with Armistice Capital Master Fund Ltd. and the Lenders valued at $1,000,000 (effective 2023-10-11).

“On October 11, 2023, Connexa Sports Technologies Inc. (the “Company”) entered into a loan and security modification agreement (the “Loan and Security Modification Agreement”) with a one or more institutional investors (the “Lenders”) and a certain institutional investor, as agent for the Lenders (the “Agent”) amending the terms of the Loan and Security Agreement dated January 6, 2023 (the “LSA”) by and among the Company, the Lenders and the Agent to make an additional loan of $1,000,000 and modify the terms of the LSA to reflect the New Loan.”

AIRWA INC. received a nasdaq delisting notice notice regarding late filing (rules 5250(c)(1), 5810(b)).

“September 18, 2023, Connexa Sports Technologies Inc. (the “ Company ”) received a letter (“ Letter ”) from the Listing Qualifications Department of The Nasdaq Capital Market (“ Nasdaq ”) indicating that the Company’s failure to file its Quarterly Report on Form 10-Q for the period ended July 31, 2023 (the “ Form 10-Q ”), in violation of the Nasdaq’s continued listing requirements under Nasdaq Listing Rule 5250(c)(1) (the “ Rule ”), serves as an additional basis for delisting the Company’s securities from Nasdaq based on Listing Rule 5810(b). According to the Letter, the Nasdaq Hearings Panel (”