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Sharon AI Appoints Mr. Benjamin Adams to Board of Directors

MWN-AI** Summary

Sharon AI Holdings Inc., a prominent Australian neocloud company, recently announced the appointment of Mr. Benjamin Adams to its Board of Directors. This strategic move adds significant expertise to the board as the company continues its growth trajectory. Mr. Adams, a respected global technology executive, took on his new role on February 22, 2026. He brings with him a wealth of experience in various domains, including financial law, regulatory compliance, and mergers & acquisitions.

Prior to joining Sharon AI, Adams served in key legal positions at major technology firms. Notably, he was the Vice President and Chief Commercial and Intellectual Property Counsel at PayPal, Assistant General Counsel at Microsoft, and Head of Legal for the Americas at Nokia. Currently, he occupies the role of Chief Legal Officer and Corporate Secretary at Western Union.

In welcoming Mr. Adams, CEO James Manning highlighted the value of his extensive background in navigating technology businesses through growth phases and his multifaceted expertise in technology, finance, and corporate securities. Adams expressed his enthusiasm for joining Sharon AI at such a crucial moment, emphasizing his eagerness to contribute to the company's strategic objectives and broaden its influence in the industry.

Sharon AI, whose cloud GPU platform supports accelerated computing needs, is positioned to lead advancements in artificial intelligence and cloud infrastructure. This leadership change comes at a pivotal time, aligning with the company’s ambitious plans for future growth. The announcement also contained forward-looking statements regarding the company's strategy and anticipated developments, cautioning investors about the inherent uncertainties associated with such projections.

For further details, the company has made specific information available on its website and through its media communications.

MWN-AI** Analysis

The recent appointment of Mr. Benjamin Adams to the board of directors at Sharon AI Holdings Inc. (NASDAQ: SHAZ) marks a strategically significant move for the company. Mr. Adams brings a wealth of experience across various sectors, particularly in technology and regulatory law, which is crucial for a neocloud provider like Sharon AI as it expands its footprint in the competitive artificial intelligence and cloud computing markets.

Investors should view this development positively, as the addition of an executive with Mr. Adams' background—previously holding positions at PayPal, Microsoft, and Nokia—signals a commitment to enhancing corporate governance and strategic oversight. His experience in navigating mergers and acquisitions could be instrumental as Sharon AI looks to fortify its market position and potentially explore growth through strategic partnerships or acquisitions.

Sharon AI's focus on high-performance computing and AI infrastructure aligns with global trends towards accelerated computing adoption. With Mr. Adams joining the board during this pivotal period, stakeholders should anticipate a more robust approach to shaping strategic objectives that could drive revenue and shareholder value.

However, while these developments are promising, it's essential for current and potential investors to remain cautious. The forward-looking statements in Sharon AI's communications indicate that the company faces inherent risks, particularly in a rapidly evolving technology landscape. As noted, actual performance may diverge from optimistic projections due to market volatility and competitive pressures.

In conclusion, while the market response to Mr. Adams' appointment should be monitored, investors may consider this a pivotal moment for Sharon AI, reflecting an intent to leverage leadership strength for future growth. Keeping an eye on the company's next strategic moves will provide further insight into the potential implications for shareholder value.

**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.

Source: Business Wire

SharonAI Holdings Inc. (“Sharon AI”), a leading Australian neocloud (NASDAQ: SHAZ), announced on February 24, 2026, that highly experienced global technology executive, Mr. Benjamin Adams, joined the Sharon AI Holdings Inc. board of directors on February 22, 2026.

Mr. Adams is a global business and technology leader with deep and broad expertise across financial, technology and regulatory law, mergers & acquisitions, corporate securities reporting, intellectual property and real estate.

“I am honoured to join the board at such a pivotal and exciting time. I look forward to leveraging my experience to help Sharon AI shape its strategic goals and expand its impact in the coming years,” said Benjamin Adams .

Mr. Adams was previously Vice President, Chief Commercial and Intellectual Property Counsel at PayPal (NASDAQ: PYPL), Assistant General Counsel at Microsoft (NASDAQ: MSFT) and Head of Legal, Americas Region at Nokia (NYSE:NOK). He is currently Chief Legal Officer and Corporate Secretary at Western Union (NYSE: WU).

“We are delighted that Mr. Adams has joined the Sharon AI board of directors as we enter our next phase of growth. His expertise across technology, financial and regulatory law, mergers and acquisitions and corporate securities reporting, in addition to his proven track record of successfully guiding technology businesses through periods of dynamic growth will add significant value to our business,” said James Manning, CEO at Sharon AI .

About Sharon AI

SharonAI Holdings Inc. (“Sharon AI”) and its subsidiaries, a leading Australian neocloud, is a High-Performance Computing company focused on Artificial Intelligence and Cloud GPU Compute Infrastructure. Our cloud GPU platform and compute infrastructure is accelerating the build of AI factories and sovereign AI solutions, powering the next wave of accelerated computing adoption. For more information, visit www.sharonai.com .

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. 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.

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 SharonAI’s most recent filings and reports 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260303556180/en/

Sharon AI Media Enquiries:
Rosalyn Christian/Zachary Nevas
IMS Investor Relations
+1 203.972.9200
sharonai@imsinvestorrelations.com

FAQ**

How will the addition of Benjamin Adams to the board of SharonAI Holdings Inc Com SHAZ impact the company's strategic direction and growth initiatives in the neocloud and AI sectors?

The addition of Benjamin Adams to the board of SharonAI Holdings Inc Com SHAZ is poised to enhance the company's strategic direction and growth initiatives in the neocloud and AI sectors through his expertise and network, driving innovation and market expansion.

What specific expertise does Mr. Adams bring to SharonAI Holdings Inc Com SHAZ that will help navigate the regulatory landscape in the rapidly evolving AI technology market?

Mr. Adams brings extensive experience in regulatory compliance and policy development, along with a deep understanding of AI technology laws, which will be instrumental in guiding SharonAI Holdings Inc Com SHAZ through the complex and evolving regulatory landscape.

Given the competitive nature of the AI industry, what are SharonAI Holdings Inc Com SHAZ's plans to leverage Mr. Adams' experience in mergers and acquisitions for future growth opportunities?

SharonAI Holdings Inc. plans to leverage Mr. Adams' extensive mergers and acquisitions experience by identifying strategic partnerships and acquisition targets to enhance its market position and accelerate growth in the competitive AI landscape.

How does SharonAI Holdings Inc Com SHAZ plan to utilize its cloud GPU platform to accelerate the adoption of AI technologies under Mr. Adams' guidance and the current market conditions?

SharonAI Holdings Inc, under Mr. Adams' guidance, plans to leverage its cloud GPU platform to enhance AI technology accessibility and efficiency, fostering widespread adoption by providing robust computational resources aligned with current market demands.

**MWN-AI FAQ is based on asking OpenAI questions about Nokia Corporation Sponsored American Depositary Shares (NYSE: NOK).

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