SAIHEAT Limited (SAIH) 8-K Other Events

Exhibit 99.1

TRADEUP GLOBAL CORPORATION

PRO FROMA BALANCE SHEET

(Currency expressed in United States Dollars (“US$”), except for number of shares)

				Pro Forma
	May 3, 2021			Adjustments			As Adjusted
					(unaudited)			(unaudited)
Assets
Current assets
Cash	$	1,168,783		$	3		$	1,168,786
Prepaid expenses		2,500			-			2,500
Total Current Assets		1,171,283			3			1,171,286
Cash held in trust account		40,000,000			4,889,860			44,889,860
Total Assets	$	41,171,283		$	4,889,863		$	46,061,146
Liabilities and Shareholders' Equity
Offering costs payable	$	631,737		$	-		$	631,737
Total Current Liabilities		631,737			-			631,737
Deferred underwriting fee payable		1,400,000			171,145			1,571,145
Total Liabilities		2,031,737			171,145			2,202,882
Commitments and Contingencies
Ordinary shares subject to possible redemption, 3,413,954 and 3,885,826 shares at conversion value of $10.00 per share		34,139,540			4,718,720			38,858,260
Shareholders' Equity:
Preference shares, $0.0001 par value, 1,000,000 shares authorized, none issued and outstanding		-			-			-
Class A ordinary shares, $0.0001 par value, 200,000,000 shares authorized, 1,651,046 and 1,677,940 shares issued and outstanding (excluding 3,413,954 and 3,885,826 shares subject to possible redemption)		165			3			168
Class B ordinary shares, $0.0001 par value, 20,000,000 shares authorized, 300,000 and 272,247 shares issued and outstanding		30			(3	)		27
Additional paid-in capital		5,004,609			(2	)		5,004,607
Accumulated deficit		(4,798	)		-			(4,798	)
Total Shareholders' Equity		5,000,006			(2	)		5,000,004
Total Liabilities and Shareholders' Equity	$	41,171,283		$	4,889,863		$	46,061,146