| (LOSSES) EARNINGS PER SHARE |
20. (LOSSES) EARNINGS PER SHARE Basic and diluted (losses) earnings per share for each of the years presented is calculated as follows: | | | | | | | | | | | | | | | For the years ended December 31, | | | 2023 | | 2024 | | 2025 | | | US$ | | US$ | | US$ | | US$ | | US$ | | US$ | | | Class A | | Class B | | Class A | | Class B | | Class A | | Class B | | | | | | | | | | | | | | Losses per share from continuing operations—basic: | | | | | | | | | | | | | Numerator: | | | | | | | | | | | | | Allocation of net loss from continuing operations attributable to SOLAI Limited’s ordinary shareholders used in calculating losses per ordinary share—basic | | (25,384) | | — | | (6,854) | | — | | (33,877) | | — | | | | | | | | | | | | | | Denominator: | | | | | | | | | | | | | Weighted average number of ordinary shares outstanding used in calculating basic losses per share | | 1,102,373,715 | | 99 | | 1,171,663,331 | | 99 | | 1,727,119,129 | | 99 | Denominator used for losses per share | | 1,102,373,715 | | 99 | | 1,171,663,331 | | 99 | | 1,727,119,129 | | 99 | Losses per share from continuing operations — basic | | (0.03) | | — | | (0.01) | | — | | (0.02) | | — | | | | | | | | | | | | | | Losses per share from continuing operations—diluted: | | | | | | | | | | | | | Numerator: | | | | | | | | | | | | | Allocation of net loss from continuing operations attributable to SOLAI Limited’s ordinary shareholders used in calculating losses per ordinary share— diluted | | (25,384) | | — | | (6,854) | | — | | (33,877) | | — | Reallocation of net loss from continuing operations attributable to SOLAI Limited’s ordinary shareholders as a result of conversion of Class B to Class A shares | | — | | — | | — | | — | | — | | — | Net loss from continuing operations attributable to ordinary shareholders | | (25,384) | | — | | (6,854) | | — | | (33,877) | | — | | | | | | | | | | | | | | Denominator: | | | | | | | | | | | | | Weighted average number of ordinary shares outstanding used in calculating basic losses per share | | 1,102,373,715 | | 99 | | 1,171,663,331 | | 99 | | 1,727,119,129 | | 99 | Conversion of Class B to Class A ordinary shares | | 99 | | — | | 99 | | — | | 99 | | — | Denominator used for losses per share | | 1,102,373,814 | | 99 | | 1,171,663,430 | | 99 | | 1,727,119,228 | | 99 | Losses per share from continuing operations—diluted | | (0.03) | | — | | (0.01) | | — | | (0.02) | | — | | | | | | | | | | | | | | Losses from continuing operations per ADS*: | | | | | | | | | | | | | Denominator used for losses per ADS - basic | | 11,023,737 | | — | | 11,716,633 | | — | | 17,271,191 | | — | Denominator used for losses per ADS - diluted | | 11,023,738 | | — | | 11,716,634 | | — | | 17,271,192 | | — | Losses from continuing operations per ADS – basic | | (2.30) | | — | | (0.58) | | — | | (1.96) | | — | Losses from continuing operations per ADS – diluted | | (2.30) | | — | | (0.58) | | — | | (1.96) | | — |
20. (LOSSES) EARNINGS PER SHARE (continued) | | | | | | | | | | | | | | | For the years ended December 31, | | | 2023 | | 2024 | | 2025 | | | US$ | | US$ | | US$ | | US$ | | US$ | | US$ | | | Class A | | Class B | | Class A | | Class B | | Class A | | Class B | | | | | | | | | | | | | | (Losses) earnings per share from discontinued operations—basic: | | | | | | | | | | | | | Numerator: | | | | | | | | | | | | | Allocation of net (loss) income from discontinued operations attributable to SOLAI Limited’s ordinary shareholders used in calculating (losses) earnings per ordinary share—basic | | (3,326) | | — | | 18,927 | | — | | — | | — | | | | | | | | | | | | | | Denominator: | | | | | | | | | | | | | Weighted average number of ordinary shares outstanding used in calculating basic (losses) earnings per share | | 1,102,373,715 | | 99 | | 1,171,663,331 | | 99 | | 1,727,119,129 | | 99 | Denominator used for (losses) earnings per share | | 1,102,373,715 | | 99 | | 1,171,663,331 | | 99 | | 1,727,119,129 | | 99 | (Losses) earnings per share from discontinued operations — basic | | (0.00) | | — | | 0.02 | | — | | — | | — | | | | | | | | | | | | | | (Losses) earnings per share from discontinued operations—diluted: | | | | | | | | | | | | | Numerator: | | | | | | | | | | | | | Allocation of net (loss) income from discontinued operations attributable to SOLAI Limited’s ordinary shareholders used in calculating (losses) earnings per ordinary share— diluted | | (3,326) | | — | | 18,927 | | — | | — | | — | Reallocation of net (losses) earnings from discontinued operations attributable to SOLAI Limited’s ordinary shareholders as a result of conversion of Class B to Class A shares | | — | | — | | — | | — | | — | | — | Net (loss) income from discontinued operations attributable to ordinary shareholders | | (3,326) | | — | | 18,927 | | — | | — | | — | | | | | | | | | | | | | | Denominator: | | | | | | | | | | | | | Weighted average number of ordinary shares outstanding used in calculating basic (losses) earnings per share | | 1,102,373,715 | | 99 | | 1,171,663,331 | | 99 | | 1,727,119,129 | | 99 | Conversion of Class B to Class A ordinary shares | | 99 | | — | | 99 | | — | | 99 | | — | Denominator used for (losses) earnings per share | | 1,102,373,814 | | 99 | | 1,171,663,430 | | 99 | | 1,727,119,228 | | 99 | (Losses) earnings per share from discontinued operations—diluted | | (0.00) | | — | | 0.02 | | — | | — | | — | | | | | | | | | | | | | | (Losses) earnings from discontinued operations per ADS *: | | | | | | | | | | | | | Denominator used for (losses) earnings per ADS - basic | | 11,023,737 | | — | | 11,716,633 | | — | | 17,271,191 | | — | Denominator used for (losses) earnings per ADS - diluted | | 11,023,738 | | — | | 11,716,634 | | — | | 17,271,192 | | — | (Losses) earnings from discontinued operations per ADS – basic | | (0.30) | | — | | 1.61 | | — | | — | | — | (Losses) earnings from discontinued operations per ADS – diluted | | (0.30) | | — | | 1.61 | | — | | — | | — |
* American Depositary Shares, which are traded on the NYSE. Each ADS represents one hundred Class A ordinary shares of the Company.
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