Cloopen Enters into Definitive Merger Settlement for Going-Non-public Transaction

BEIJING, Might 12, 2026 /PRNewswire/ — Cloopen Group Holding Restricted (OTC: RAASY) (“Cloopen” or the “Firm”) in the present day introduced that it has entered right into a definitive Settlement and Plan of Merger (the “Merger Settlement”) with SpringX Holdings Restricted, an exempted firm included with restricted legal responsibility underneath the legal guidelines of the Cayman Islands (“Guardian”), AutumnX Holdings Restricted (“HoldCo”), an exempted firm included with restricted legal responsibility underneath the legal guidelines of the Cayman Islands and a wholly-owned subsidiary of HoldCo, pursuant to which the Firm will likely be owned by a consortium consisting of Mr. Changxun Solar, the Firm’s founder and chief govt officer, Cloopen…