【Important Notice】Adjustment to WOLF1 Options Exercise Process by OCC

According to the latest announcement from the Options Clearing Corporation (“OCC”), automatic exercise will temporarily not be supported for WOLF1 options upon expiration. If you wish to exercise your WOLF1 Options, you must submit an application via email before the deadline (stated below); otherwise, the option will not be exercised, even if it is in-the-money. $Wolfspeed Inc.(WOLF)$

To safeguard your investment in WOLF1 options, please pay attention to the following details.

Tiger has sent an exercise application email for WOLF1 options expiring on October 3rd. Clients wishing to exercise your options are requested to reply to the email and submit your application before 18:00 PM Singapore / Hong Kong Time, October 3, 2025.

• Email subject: 【WOLF1 Option Exercise Request】

• Email body: Please specify the four option contract details (underlying, expiration, strike, call/put) and the number of contracts to be exercised.

Please Note:

• Only in-the-money options are eligible for offline exercise. If you submit an exercise request but your contracts end up out-of-the-money after the market closes on the expiration day, your request will be automatically cancelled.

• This adjustment applies only to WOLF1 options. Newly listed WOLF options following the corporate action are unaffected and will continue to follow the standard automatic exercise process.

Key points of the SEC announcement are as follows:

On September 29, Wolfspeed executed its restructuring, canceling all existing common shares and exchanging them for new stock.

Existing shareholders received 1,306,903 new shares at an exchange ratio of roughly 1 new share for every 120 old shares. Shareholders may receive additional pro rata Wolfspeed shares if the company meets specific regulatory milestones.

Key points of the OCC announcement are as follows:

On September 30, 2025, the OCC issued Information Memo No. 57352. Due to special corporate actions involving the underlying securities of WOLF1 options, the settlement value of the deliverable securities remains uncertain. As a result, the OCC has temporarily suspended the automatic exercise mechanism for these options at expiration.

If you hold WOLF1 options, you must actively submit an exercise request at expiration; if no request is submitted, OCC will not process the exercise, even for in-the-money options.

How do I know if your WOLF1 options are in-the-money?

Tiger Trade App displays that the ITM/ATM on the options page is based on "WOLF's latest underlying stock price * 0.008352.”

• 0.008352 is the WOLF stock split ratio

Meanwhile, we kindly remind investors to closely monitor future OCC announcements and market developments regarding WOLF1 options, and to make timely investment arrangements.

Wishing you successful investments.