Schedule 13D Filing for Phunware, Inc.

Goldenwise Capital Group Ltd, along with its affiliates GoldenFuture Fund and Mr. Huakun Ding, has acquired a 5.5% stake in Phunware, Inc. The total investment amounted to approximately $2.11 million. The acquisition was made through open market purchases using working capital, including potential margin loans. The reporting persons believe that Phunware's current market valuation does not reflect its intrinsic value and intend to engage in discussions with the company's board and management regarding strategies to enhance shareholder value. These discussions may include topics such as capital allocation, strategic direction, corporate governance, and operational efficiency. The reporting persons also indicated a potential interest in discussing board representation to foster better alignment with shareholders. They reserve the right to alter their intentions based on future market conditions and company interactions.