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Cloopen Announces Formation of Special Committee

Cloopen Announces Formation of Special Committee

BEIJING, Dec. 29, 2025 /PRNewswire/ -- Cloopen Group Holding Limited (OTC: RAASY) ('Cloopen' or the 'Company') today announced that its Board of Directors (the 'Board') has formed a special committee consisting of three independent directors, Mr. Adam J. Zhao, Mr. Tim Yimin Liu and Mr. Ziguang Gao, to evaluate and consider the previously announced preliminary non-binding proposal letter dated December 22, 2025 (the 'Proposal'). Mr. Adam J. Zhao chairs the special committee.

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