MATH · Metalpha Technology Holding Ltd · Insider Trading

Represents 727,000 RSUs granted to the Reporting Person's spouse, on September 28, 2026 under the Company's Amended and Restated 2024 Share Incentive Plan, without additional consideration paid by the Reporting Person's spouse. Each RSU represents a contingent right to receive one Ordinary Share. The RSUs vest in four equal installments on the day following each anniversary of the grant date, commencing on September 29, 2027 and vesting in full on September 29, 2030, subject to the continued service of the Reporting Person's spouse to the Issuer. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.

Represents 5,000 restricted share units ("RSUs") granted to the Reporting Person on September 28, 2026 under the Company's Amended and Restated 2024 Share Incentive Plan, without additional consideration paid by the Reporting Person. Each RSU represents a contingent right to receive one Ordinary Share. The RSUs vest in four equal installments on the day following each anniversary of the grant date, commencing on September 29, 2027 and vesting in full on September 29, 2030, subject to the Reporting Person's continued service to the Issuer.

Represents 1,000,000 restricted share units ("RSUs") granted to the Reporting Person on September 28, 2026 under the Company's Amended and Restated 2024 Share Incentive Plan, without additional consideration paid by the Reporting Person. Each RSU represents a contingent right to receive one Ordinary Share. The RSUs vest in four equal installments on the day following each anniversary of the grant date, commencing on September 29, 2027 and vesting in full on September 29, 2030, subject to the Reporting Person's continued service to the Issuer.

Represents 5,000 restricted share units ("RSUs") granted to the Reporting Person on September 28, 2026 under the Company's Amended and Restated 2024 Share Incentive Plan, without additional consideration paid by the Reporting Person. Each RSU represents a contingent right to receive one Ordinary Share. The RSUs vest in four equal installments on the day following each anniversary of the grant date, commencing on September 29, 2027 and vesting in full on September 29, 2030, subject to the Reporting Person's continued service to the Issuer.

Represents 3,750 Ordinary Shares issued to the Reporting Person upon the vesting, on July 1, 2026, of the first of four equal annual installments of 15,000 restricted share units ("RSUs") originally granted to the Reporting Person on June 30, 2025, as reported on the Reporting Person's Form 3. The remaining unvested portion (11,250 RSUs) continues to vest in three equal annual installments on July 1, 2027, July 1, 2028 and July 1, 2029, subject to the Reporting Person's continued service to the Issuer.

Represents 125,000 Ordinary Shares issued upon the vesting, on July 1, 2026, of the first of four equal annual installments of 500,000 RSUs originally granted to the Reporting Person's spouse on June 30, 2025, as reported on the Reporting Person's Form 3. The shares are held directly by the Reporting Person's spouse. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose. The remaining unvested portion (375,000 RSUs) continues to vest in three equal annual installments on July 1, 2027, July 1, 2028 and July 1, 2029, subject to the continued service of the Reporting Person's spouse to the Issuer.

Represents 125,000 Ordinary Shares issued upon the vesting, on July 1, 2026, of the first of four equal annual installments of 500,000 RSUs originally granted to the Reporting Person's spouse on June 30, 2025, as reported on the Reporting Person's Form 3. The shares are held directly by the Reporting Person's spouse. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose. The remaining unvested portion (375,000 RSUs) continues to vest in three equal annual installments on July 1, 2027, July 1, 2028 and July 1, 2029, subject to the continued service of the Reporting Person's spouse to the Issuer.

Represents 259,750 Ordinary Shares issued to the Reporting Person upon the vesting, on July 1, 2026, of the first of four equal annual installments of 1,039,000 restricted share units ("RSUs") originally granted to the Reporting Person on June 30, 2025, as reported on the Reporting Person's Form 3. The remaining unvested portion (779,250 RSUs) continues to vest in three equal annual installments on July 1, 2027, July 1, 2028 and July 1, 2029, subject to the Reporting Person's continued service to the Issuer.

Represents 3,750 Ordinary Shares issued to the Reporting Person upon the vesting, on July 1, 2026, of the first of four equal annual installments of 15,000 restricted share units ("RSUs") originally granted to the Reporting Person on June 30, 2025, as reported on the Reporting Person's Form 3. The remaining unvested portion (11,250 RSUs) continues to vest in three equal annual installments on July 1, 2027, July 1, 2028 and July 1, 2029, subject to the Reporting Person's continued service to the Issuer.

Represents 259,750 Ordinary Shares issued to the Reporting Person upon the vesting, on July 1, 2026, of the first of four equal annual installments of 1,039,000 restricted share units ("RSUs") originally granted to the Reporting Person on June 30, 2025, as reported on the Reporting Person's Form 3. The remaining unvested portion (779,250 RSUs) continues to vest in three equal annual installments on July 1, 2027, July 1, 2028 and July 1, 2029, subject to the Reporting Person's continued service to the Issuer.

On May 12, 2026, the Reporting Person received an aggregate of 434,520 Ordinary Shares in an in-kind distribution from LSQ Management Limited, in which the Reporting Person is a shareholder. The distribution was made without additional consideration paid by the Reporting Person.