GigaCloud responds to short-seller report

GigaCloud Technology issued the following statement in response to claims made in a report by Culper Research, a short seller. The report lacks merit and contains numerous defamatory, selective, inaccurate, incomplete and misleading statements and speculations. The report demonstrates a fundamental lack of understanding of the Company’s business and financial condition. The Company is reviewing the claims and considering appropriate courses of action to protect the interests of all of its shareholders. As part of its commitment to transparency and compliance, the Company will make additional disclosures in due course consistent with the requirements of applicable rules and regulations of the U.S. Securities and Exchange Commission and Nasdaq and ensure that relevant information is communicated to shareholders and the public in a timely and accurate manner. Investors are cautioned that the claims come from a short seller.