SOS Limited Announces Framework Memorandum for Planned 500-Megawatt AI Data Center Platform in Indonesia

, /PRNewswire/ -- SOS Limited (NYSE: SOS ) (the "Company" or "SOS") today announced that Future Digital Trading Pte. Ltd., the Company's wholly owned subsidiary in Singapore, has entered into a non-binding Framework Cooperation Memorandum (the "Memorandum") with an Indonesian company, regarding the potential development of a planned approximately 500-megawatt ("MW") wholesale AI and cloud data center campus in the Galang Batang Special Economic Zone (KEK Galang Batang), Bintan Island, Riau Islands Province, Indonesia. If the project proceeds as contemplated, the Company's Phase I construction is expected to have a capacity of approximately 50MW. The Memorandum is non-binding except for certain specified provisions, and the project remains subject to completion of due diligence, negotiation and execution of definitive agreements, financing and applicable regulatory approvals.

The Memorandum, signed on September 15, 2026, sets out preliminary principles for cooperation, land and power arrangements, a funding mechanism and a six-month due diligence period. It is subject to the negotiation and execution of definitive transaction documents, completion of due diligence, financing and applicable regulatory approvals. The final investment structure, equity percentages, valuation, board arrangements and exit mechanisms are to be determined in subsequent definitive documents.

"This memorandum represents an important step in SOS's strategy to expand into digital infrastructure," said Yandai Wang, Chairman and Chief Executive Officer of SOS Limited. "Southeast Asia is experiencing significant growth in AI data center demand, and Bintan offers proximity to Singapore with potentially lower power and land costs and special-economic-zone advantages. Subject to successful completion of due diligence and definitive documentation, we believe a 500MW platform could position the Company to participate in a growing infrastructure market."

A strategic location with a structural power-cost advantage

KEK Galang Batang lies within the Singapore–Johor–Riau (SJR) growth corridor, with sub-2-millisecond connectivity to Singapore, where land and power constraints have driven demand spill-over into neighboring Malaysia and Indonesia. Under the Memorandum, the local partner will use commercially reasonable efforts to secure no less than 60MW of effective power capacity prior to commissioning of the first phase. The Memorandum contemplates a ten-year coal-index-linked pricing formula intended to provide competitive, market-responsive electricity costs. Final power pricing, terms and conditions are subject to negotiation and execution of definitive power supply documentation, and actual delivered electricity prices will depend on coal market conditions and other factors.

Wholesale colocation model

The campus would be expected to adopt a wholesale colocation model, delivering large, dedicated, high-density data halls to hyperscale and AI customers under long-term arrangements. The Company has received indicative, non-binding expressions of interest aggregating approximately 180MW from prospective tenants, including certain global cloud, internet and AI platforms. These indications remain subject to negotiation, definitive customer contracts and credit support, and there can be no assurance that definitive agreements will be reached on the expected terms, or at all.

Potential capital structure

If the project proceeds, the Company currently expects that it would seek to fund the platform through an equity and project-finance structure, with senior debt expected to be arranged with institutional lenders. No financing arrangements have been finalized, and the ultimate capital structure, financing terms, partners and amounts remain subject to the completion of due diligence and negotiation of definitive agreements. The Company may also evaluate various exit or monetization strategies in the future, but no specific plans have been adopted at this time.

SOS brings a listed vehicle and proven build capability

As of December 31, 2025, SOS reported total assets of approximately US$465 million and shareholders' equity of approximately US$423 million, with a low leverage profile. The Company believes its NYSE listing, U.S. GAAP reporting and cross-border compliance framework, combined with its partners' local resources, provide a strong foundation to execute the project and to meet the requirements of international lenders and tenants.

"Our approach is disciplined: secure power arrangements, develop relationships with potential customers, build in modular phases, and pursue financing supported by contracted revenue," added Mr. Wang. "We will move deliberately through diligence and definitive documentation, and we look forward to updating shareholders as milestones are achieved."

Except for certain binding provisions (including those relating to representations and warranties, the Framework Agreement deposit, confidentiality, binding effect, and governing law), the Memorandum does not constitute a legally binding obligation of the parties to consummate the transaction. There can be no assurance that the transaction will be completed, that any phase will be built at the scale or timing described, or that the expected financial results will be realized.

About SOS Limited

SOS is an emerging blockchain-based service solution provider and is also engaged in blockchain and cryptocurrency operations, which currently include cryptocurrency mining and may expand into cryptocurrency security. Since April 2021, we have launched our commodity trading business via our subsidiary SOS International Trading Co. Ltd. Our major trading commodities include mineral resin, soybean, wheat, sesame, liquid sulfur, petroleum coke and latex etc. For more information, please visit: http://www.sosyun.com/ .

Forward-Looking Statements