CFND · C1 Fund Inc. · Insider Trading

The Dr. Najamul Kidwai beneficially owns the reported shares through the Issuer's sponsor, C1 Group LLC. On September 5, 2025, 100,000 shares of common stock held by C1 Group LLC was cancelled because the underwriters did not exercise their over-allotment option, as described in the Issuer's IPO Prospectus. The number of shares reported herein reflect the Dr. Kidwai's indirect ownership through C1 Group LLC.

This Form 4 Amendment is being filed to correct the number of shares beneficially owned by Dr. Kidwai indirectly owns shares in C1 Fund Inc. through C1 Group LLC. Dr. Kidwai's ownership interest in C1 Group LLC was diluted on August 7, 2025, the date of C1 Fund Inc.'s IPO, when certain investors' interests in C1 Group LLC vested. The dilution in Dr. Kidwai's ownership in C1 Group LLC resulted in a decrease in his indirect ownership of C1 Fund Inc., which was not reflected in Dr. Kidwai's prior beneficial ownership filings.

The Reporting Person beneficially owns the reported shares through the Issuer's sponsor, C1 Group LLC. On September 5, 2025, 100,000 shares of common stock held by C1 Group LLC was cancelled because the underwriters did not exercise their over-allotment option, as described in the Issuer's IPO Prospectus. The number of shares reported herein reflect the Reporting Person's indirect ownership through C1 Group LLC.

Michael Zhao beneficially owns the reported shares through the Issuer's sponsor, C1 Group LLC. On September 5, 2025, 100,000 shares of common stock held by C1 Group LLC was cancelled because the underwriters did not exercise their over-allotment option, as described in the Issuer's IPO Prospectus. The number of shares reported herein reflect Mr. Zhao's indirect ownership through C1 Group LLC.

This Form 4 Amendment is being filed to correct the number of shares beneficially owned by Michael Xu Zhao. Mr. Zhao indirectly owns shares in C1 Fund Inc. through C1 Group LLC. Mr. Zhao's ownership interest in C1 Group LLC was diluted on August 7, 2025, the date of C1 Fund Inc.'s IPO, when certain investors' interests in C1 Group LLC vested. The dilution in Mr. Zhao's ownership in C1 Group LLC resulted in a decrease in his indirect ownership of C1 Fund Inc., which was not reflected in Mr. Zhao's prior beneficial ownership filings.

David Hytha beneficially owns the reported shares through the Issuer's sponsor, C1 Group LLC. On September 5, 2025, 100,000 shares of common stock held by C1 Group LLC was cancelled because the underwriters did not exercise their over-allotment option, as described in the Issuer's IPO Prospectus. The number of shares reported herein reflect Mr. Hytha's indirect ownership through C1 Group LLC.

This Form 4 Amendment is being filed to correct the number of shares indirectly owned by David Hytha. Mr. Hytha indirectly owns shares in C1 Fund Inc. through C1 Group LLC. Mr. Hytha's ownership interest in C1 Group LLC was diluted on August 7, 2025, the date of C1 Fund Inc.'s IPO, when certain investors' interests in C1 Group LLC vested. The dilution in Mr. Hytha's ownership in C1 Group LLC resulted in a decrease in his indirect ownership of C1 Fund Inc., which was not reflected in Mr. Hytha's prior beneficial ownership filings.

Elliot Han beneficially owns the reported shares through the Issuer's sponsor, C1 Group LLC. On September 5, 2025, 100,000 shares of common stock held by C1 Group LLC was cancelled because the underwriters did not exercise their over-allotment option, as described in the Issuer's IPO Prospectus. The number of shares reported herein reflect Mr. Han indirect ownership through C1 Group LLC.

This Form 4 Amendment is being filed to identify shares indirectly owned by Elliot Han through C1 Group LLC, which was not reflected in Mr. Han's prior beneficial ownership filings.

On September 5, 2025, 100,000 shares of common stock held by the Reporting Person was cancelled for because the underwriters did not exercise their over-allotment option, as described in the Issuer's IPO Prospectus.