SEDAR Interim Financial Statements

Space Kingdom Digital Capital Corp. (A Capital Pool Company) Condensed Interim Financial Statements For the nine months ended September 30, 2025 and 2024 (Stated in Canadian Dollars) (Unaudited – Prepared by Management) NOTICE OF NO AUDITOR REVIEW OF THE CONDENSED INTERIM FINANCIAL STATEMENTS In accordance with National Instrument 51-102 Part 4, subsection 4.3(3)(a), if an auditor has not performed a review of these condensed interim financial statements, they must be accompanied by a notice indicating that the condensed interim financial statements have not been reviewed by an auditor. The accompanying unaudited condensed interim financial statements of the Company for the nine months ended September 30, 2025 have been prepared by and are the responsibility of the Company’s management, and have not been reviewed by the Company’s auditors. Space Kingdom Digital Capital Corp. Condensed Interim Statements of Financial Position As at September 30, 2025 and December 31, 2024 (Stated in Canadian Dollars) (Unaudited – Prepared by Management) The accompanying notes are an integral part of these condensed interim financial statements 3 September 30, December 31, 2025 2024 ASSETS Current assets Cash $ 2,995 $ 8,058 Total Assets $ 2,995 $ 8,058 LIABILITIES Current liabilities Accounts payable and accrued liabilities $ 12,760 $ 21,390 Loan payable (Note 4) 30,000 - 42,760 21,390 SHAREHOLDERS’ DEFICIENCY Share capital (Note 5) 246,747 246,747 Reserve 32,000 32,000 Deficit (318,512) (292,079) Total Shareholders’ Deficiency (39,765) (13,332) Total Liabilities and Shareholders’ Deficiency $ 2,995 $ 8,058 Incorporation and Nature of Business and Going Concern (Note 1) Approved by the Board Christopher Farnworth Harold Davidson Director (Signed) Director (Signed) Space Kingdom Digital Capital Corp. Condensed Interim Statements of Loss and Comprehensive Loss For the three and nine months ended September 30, 2025 and 2024 (Stated in Canadian Dollars) (Unaudited – Prepared by Management) The accompanying notes are an integral part of these condensed interim financial statements 4 For the three months ended September 30, For the nine months ended September 30, 2025 2024 2025 2024 Expenses Accounting fees $ 1,575 $ 1,575 $ 4,282 $ 8,782 Consulting fees (Note 7) - - 2,000 - Filing and transfer agent fees 791 791 8,591 8,446 General and administrative fees 1,237 42 3,810 178 Legal fees 7,750 31,574 7,750 36,645 Net loss and comprehensive loss for the period $ (11,353) $ (33,982) $ (26,433) $ (54,051) Basic and diluted loss per share $ (0.00) $ (0.01) $ (0.01) $ (0.01) Weighted average shares outstanding – basic and diluted 4,300,000 4,300,000 4,300,000 4,300,000 Space Kingdom Digital Capital Corp. Condensed Interim Statements of Changes in Cash Flows For the nine months ended September 30, 2025 and 2024 (Stated in Canadian Dollars) (Unaudited – Prepared by Management) The accompanying notes are an integral part of these condensed interim financial statements 5 For the nine months ended September 30, 2025 2024 CASH FLOWS PROVIDED BY (USED IN) OPERATING ACTIVITIES Net loss for the period $ (26,433) $ (54,051) Items not affecting cash: Change in non-cash working capital item: Accounts payable and accrued liabilities (8,630) 13,424 Net cash used in operating activities (35,063) (40,627) FINANCING ACTIVITY Loan payable 30,000 - Net cash provided by financing activity 30,000 - Change in cash for the period (5,063) (40,627) Cash, beginning of period 8,058 92,331 Cash --- , end of period $ 2,995 $ 51,704 Cash paid for interest during the period $ - $ - Cash paid for income taxes during the period $ - $ - Space Kingdom Digital Capital Corp. Condensed Interim Statements of Changes in Shareholders’ Equity (Deficiency) For the nine months ended September 30, 2025 and 2024 (Stated in Canadian Dollars) (Unaudited – Prepared by Management) The accompanying notes are an integral part of these condensed interim financial statements 6 Number of Shares Share Capital Reserve Accumulated Deficit Total Balance, December 31, 2023 4,300,000 $ 246,747 $ 32,000 $ (202,003) $ 76,744 Net loss and comprehensive loss for the period - - - (54,051) (54,051) Balance, September 30, 2024 4,300,000 $ 246,747 $ 32,000 $ (256,054) $ 22,693 Balance, December 31, 2024 4,300,000 $ 246,747 $ 32,000 $ (292,079) $ (13,332) Net loss and comprehensive loss for the period - - - (26,433) (26,433) Balance, September 30, 2025 4,300,000 $ 246,747 $ 32,000 $ (318,512) $ (39,765) Space Kingdom Digital Capital Corp. Notes to the Condensed Interim Financial Statements For the nine months ended September 30, 2025 and 2024 (Stated in Canadian Dollars) (Unaudited – Prepared by Management) 7 1. INCORPORATION AND NATURE OF BUSINESS AND GOING CONCERN Space Kingdom Digital Capital Corp. (the "Company") was incorporated under the Business Corporations Act (British Columbia) on August 5, 2022. The Company completed an Initial Public Offering (“IPO”) on July 27, 2023 and is classified as a Capital Pool Company as defined in the TSX Venture Exchange (“TSX-V”) Policy 2.4. The principal business of the Company will be the identification and evaluation of assets or businesses with a view to completing a Qualifying Transaction ("QT"), as defined under the policies of the Exchange. The condensed interim financial statements of the Company for the three months ended September 30, 2025 has been prepared on the basis of accounting principles applicable to a going concern, which assumed the Company will continue in operation for the foreseeable future and will be able to realize its assets and discharge its liabilities in the normal course of business. The Company has not commenced commercial operations and has no assets other than cash. Given the nature of the activities, no separate segmented information is reported. As of September 30, 2025, the Company had a working capital deficiency of $39,765 (December 31, 2024 – $13,332). The Company’s continuing operations, as intended, are dependent on its ability to secure equity financing with which it intends to identify and evaluate potential acquisitions of businesses, and once identified and evaluated, to negotiate an acquisition thereof or participation therein subject to receipt of regulatory and, if required, shareholders’ approval. There is no assurance that additional equity or other financing will be obtained, or that the Company will be successful in completing a QT. The above material uncertainty raises significant doubt about the Company’s ability to continue as a going concern. The proceeds raised from the issuance of share capital may only be used to identify and evaluate assets or businesses for future investment, with the exception that up to $3,000 per month may be used for reasonable general and administrative expenses of the Company. These restrictions apply until completion of a QT by the Company as defined under the policies of the Exchange. The registered office of the Company is located at Suite 1500, --- 1055 West Georgia Street, Vancouver, British Columbia, Canada, V6E 4N7. The financial statements were authorized for issue by the Board of Directors on November 17, 2025. 2. BASIS OF PREPARATION Statement of Compliance These condensed interim financial statements are prepared in accordance with International Accounting Standard (“IAS”) 34 Interim Financial Reporting under IFRS Accounting Standards (“IFRS”) issued by the International Accounting Standards Board (“IASB”). These condensed interim financial statements follow the same accounting policies and methods of application as the most recent annual financial statements of the Company. These condensed interim financial statements do not contain all of the information required for full annual financial statements. Accordingly, these condensed interim financial statements should be read in conjunction with the Company’s most recent annual financial statements, which were prepared in accordance with IFRS as issued by the IASB. Space Kingdom Digital Capital Corp. Notes to the Condensed Interim Financial Statements For the nine months ended September 30, 2025 and 2024 (Stated in Canadian Dollars) (Unaudited – Prepared by Management) 8 2. BASIS OF PREPARATION – continued Use of Estimates and Judgements The preparation of these financial statements in conformity with IFRS requires management to make certain estimates, judgements and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities. Estimates and assumptions are continuously evaluated and are based on management’s experience and other factors that are believed to be reasonable under the circumstances. Actual results could differ from these estimates. Basis of Presentation The financial statements are presented in Canadian dollars (“CAD”), which is the Company’s functional and presentation currency. The financial statements are prepared on a historical cost basis except for certain financial instruments classified as fair value through profit or loss (“FVTPL”), which are stated at their fair value. The accounting policies have been applied consistently throughout the entire period presented in these financial statements. 3. MATERIAL ACCOUNTING POLICIES The preparation of financial data is based on accounting principles and practices consistent with those used in the preparation of the audited financial statements as at December 31, 2024. The accompanying unaudited condensed interim financial statements should be read in conjunction with the Company’s audited financial statements for the year ended December 31, 2024. Accounting standards and amendments The Company has reviewed new and revised accounting pronouncements that have been issued but are not yet effective. The Company has not early adopted any of these standards and is currently evaluating the impact, if any, that these standards might have on its financial statements. Other accounting standards or amendments to existing accounting standards that have been issued but have future effective dates are either not applicable or are not expected to have a significant impact on the Company’s condensed interim financial statements. 4. LOAN PAYABLE (Note 7) On March 24, 2025, the Company entered into an unsecured loan agreement with a director of the Company whereby the Company can borrower up to a maximum aggregate principal amount of $1,000,000, non-interest bearing and is due and payable on March 24, 2026. As at Sept --- ember 30, 2025, the Company had borrowed $30,000. Space Kingdom Digital Capital Corp. Notes to the Condensed Interim Financial Statements For the nine months ended September 30, 2025 and 2024 (Stated in Canadian Dollars) (Unaudited – Prepared by Management) 9 5. SHARE CAPITAL Authorized - Unlimited common shares Issued There were no shares issued during the nine months ended September 30, 2025 and for the year ended December 31, 2024. Escrow Agreement The outstanding shares issued on September 9, 2022 of 2,100,000 common shares and October 15, 2022 of 200,000 common shares are held in escrow. Under the escrow agreement, 10% of the shares will be released on the issuance of the Final Exchange Bulletin (the Exchange’s acceptance of the Qualifying Transaction) and an additional 15% will be released on each of the dates which are 6 months, 12 months, 18 months, 24 months, 30 months and 36 months following the initial release. Stock Option The Company adopted a stock option plan under which it is authorized to grant options to officers, directors, employees and consultants enabling them to acquire up to 10% of the issued and outstanding common stock of the Company. The options can be granted for a maximum of ten years and vest as determined by the Board of Directors. The exercise price of each option granted may not be less than the fair market value of the common shares. On July 27, 2023, the Company granted stock options to directors and officers of the Company for the right to purchase 200,000 common shares at a price of $0.10 per share exercisable to July 27, 2028. These stock options vest immediately at the date of grant. The Company recorded share- based payment of $16,000 on these stock options. The fair value of the options was determined using the Black Scholes option pricing model with the following assumptions – Share price on grant date of $0.10; Risk-free interest rate of 3.85%; Dividend yield of NIL; Expected volatility of 100%; Expected life of 5 years and forfeiture rate of 0%. Volatility was determined based on comparison to similar companies as the Company does not have enough history. Details of stock options activities for the nine months ended September 30, 2025 and for the year ended December 31, 2024 is as follows: Number of options Weighted Average Exercise Price Balance, outstanding, December 31, 2023 and 2024 and September 30, 2025 200,000 $ 0.10 The weighted average remaining life of the 200,000 stock options is 2.82 years. As at September 30, 2025, the Company had 200,000 stock options outstanding exercisable at $0.10 per share expiring on July 27, 2028. Space Kingdom Digital Capital Corp. Notes to the Condensed Interim Financial Statements For the nine months ended September 30, 2025 and 2024 (Stated in Canadian Dollars) (Unaudited – Prepared by Management) 10 5. SHARE CAPITAL – continued Agent’s Warrants Details of agents warrants activities for the nine months ended September 30, 2025 and for the year ended December 31, 2024 is as follows: Number of Warrants Weighted Average Exercise Price Balance, December 31, 2023 and 2024 and September 30, 2025 200,000 $ 0.10 The weighted average remaining life of the 200,000 Agents warrants is 2.82 years. As at September 30, 2025, there were 200,000 Agents warrants exercisable at $0.10 per share expiring on July 27, 2028. Reserves The Company’s equity reserves are comprised of share-based payments and fair value of agents warrants. 6. FINANCIAL RISK MANAGEMENT OBJECTIVES AN --- D POLICIES Capital Management The Company's objective when managing capital is to maintain its ability to continue as a going concern in order to provide returns for shareholders and benefits for other stakeholders. The Company includes equity, comprised of share capital, and accumulated deficit, in the definition of capital. The Company's primary objective with respect to its capital management is to ensure that it has sufficient cash resources to fund the identification and evaluation of potential acquisitions. To secure the additional capital necessary to pursue these plans, the Company may attempt to raise additional funds through the issuance of equity or by securing strategic partners. The proceeds raised from the issuance of share capital may only be used to identify and evaluate assets or businesses for future investment, with the exception that up to $3,000 per month may be used for reasonable general and administrative expenses of the Company. These restrictions apply until completion of a QT by the Company as defined under the policies of the Exchange. Risk Disclosures and Fair Values The Company's financial instruments carried at amortized cost, consist of accounts payable and accrued liabilities and loan payable which approximate fair value due to the relatively short-term maturity of the instruments. It is management’s opinion that the Company is not exposed to significant interest, currency, liquidity, or credit risks arising from these financial instruments. Space Kingdom Digital Capital Corp. Notes to the Condensed Interim Financial Statements For the nine months ended September 30, 2025 and 2024 (Stated in Canadian Dollars) (Unaudited – Prepared by Management) 11 6. FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES – continued Risk Disclosures and Fair Values – continued Interest Risk Interest rate risk is the risk that the value of financial assets and liabilities or future cash flows will fluctuate as a result of changes in the market interest rates. The Company does not have any short-term or long-term debt that is variable interest bearing and, as such, the Company’s current exposure to interest rate risk is minimal. Currency Risk Currency risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in the foreign exchange rates. The Company does not hold any financial instruments denominated in currencies that differ from that of the Company’s functional currency, and thus, its exposure to currency risk is nominal. Liquidity Risk Liquidity risk is the risk that the Company will not be able to meet its financial obligations as they fall due. The Company’s approach to managing liquidity risk is to ensure that it will have sufficient liquidity to meet liabilities when due. The Company has a cash balance of $2,995 (December 31, 2024 – $8,058) to settle total liabilities of $42,760 (December 31, 2024 – $21,390) as at September 30, 2025. The Company monitors its cash flows to meet the Company’s normal operating requirements on an ongoing basis. The Company plans to raise financing from either private placements, or loans from related parties to meet its current and future obligations. Credit Risk Credit risk is the risk that one party to a financial instrument will cause a financial loss for the other party by failing to discharge an obligation. The Company’s financial instruments that are exposed to concentrations of credit risk relate solely to cash. The Company --- mitigates the risk by maintaining its funds with large reputable financial institutions and in trust with lawyers for which the Company is indebted to, from which management believes the risk of loss to be minimal. 7. RELATED PARTY TRANSACTIONS Related parties include the directors, key management personnel, close family members and enterprises which are controlled by these individuals as well as persons performing similar functions. Key management personnel are those persons having authority and responsibility for planning, directing and controlling the activities of the Company directly or indirectly, including any directors and corporate officers of the Company. During the nine months ended September 30, 2025 the Company paid $2,000 (September 30, 2024 – $Nil) to a Company with a director in common. Space Kingdom Digital Capital Corp. Notes to the Condensed Interim Financial Statements For the nine months ended September 30, 2025 and 2024 (Stated in Canadian Dollars) (Unaudited – Prepared by Management) 12 8. PROPOSED TRANSACTION On September 25, 2024, the Company entered into a letter of intent (“LOI”) with Supchalernphunmai Mining Sole Co. Ltd. (“Supcha Mining”) to acquire all the issued and outstanding common shares of Supcha Mining (the “Transaction”) which is intended to constitute the Company’s Qualifying Transaction. Upon execution of this LOI, the Company and Sucha Mining will enter into a Definitive Agreement, which will supersede this LOI. The Transaction will therefore result in a reverse takeover of the Company by Supcha Miing. The completion of the Transaction is subject to satisfaction of various conditions as are standard for a transaction of this nature and magnitude contemplated herein. On May 28, 2025, the Company announced that the Transaction was terminated in accordance with the terms of the LOI.