Baosheng Media Group Holdings Limited Securities Purchase Agreement

Baosheng Media Group Holdings Limited has entered into a securities purchase agreement with High West Partners LLC, allowing the company to sell up to $30,000,000 of its ordinary shares to the investor. The agreement, dated July 10, 2026, outlines various purchase methods, including predetermined purchases, single-day purchases, and volume-weighted average price (VWAP) purchases, with specific pricing mechanisms for each. The company can determine the frequency and amount of shares sold at its discretion, up to the total commitment amount. Proceeds are intended for general corporate purposes, including working capital. The agreement also includes a registration rights component. Key terms involve pricing based on market prices, limitations on short-selling by the investor, and conditions related to market trading and the company's financial status. The agreement is subject to standard closing conditions and representations and warranties from both parties. The company has agreed to file a prospectus supplement to register the offered shares.