Abaxx Provides Corporate Update - Seite 2

The following press release provides a detailed update on these developments. These actions underscore Abaxx's commitment to delivering long term shareholder value and ensuring the company's growth in a rapidly changing financial and regulatory landscape.

Abaxx Exchange and Clearing Developments

Risk and Regulatory: Since our last update, the Company concluded its public consultation on the rules and procedures of the Exchange and Clearing House. Engagements with the MAS continued regarding any remaining regulatory review and licensing requirements for the Approved Clearing House (ACH), Approved Holding Company (AHC) and Recognised Market Operator (RMO) licenses. These licensing requirements are still subject to final regulatory approval by the MAS.

Commercial: Abaxx has executed an agreement with Vanir Global Markets Pte. Ltd, a global energy and environmental interdealer brokerage (IDB) firm providing market participants further access to Abaxx Exchange's suite of products via their extensive relationships in global energy and environmental markets. The continued utilization of IDBs by global energy, metals and environmental markets will be enhanced by allowing these trades to occur and be submitted to the Abaxx Exchange and Clearinghouse as block trades. This agreement will also facilitate a reciprocation data partnership that will strengthen our price discovery and transparency processes that will benefit all Abaxx Exchange participants.

Abaxx delivered one of only ten presentations at Gastech’s annual LNG conference which attracted over 40,000 global attendees earlier this month. Abaxx’s Chief Commercial Officer Joe Raia was also invited to participate in a closed-door LNG Leadership Roundtable as the only futures exchange representative — consisting of over 20 leaders including participants from Vitol, RWE, Osaka Gas and Petrochina. We also held our 2nd Asia Pacific Petroleum Conference (APPEC) week cocktail reception garnering over 220 attendees from over 50 different companies including OTC Brokers, LNG Trading firms, Bank and Non-Bank futures commission merchants (FCMs).

Systems and Operations: The Company continues integration and certification testing of third-party clearing and exchange ISVs into production environments.

Exchange Product Development: Abaxx Singapore submitted a Notification of Impending Listing of Futures Contracts to the MAS. Abaxx intends to include its first battery metals futures contract on the launch slate with LNG and Carbon contracts. Positive industry response to nickel sulphate futures development has yielded encouraging prospects on additional battery metal solutions. Abaxx continues work on carbon market solutions as the market continues implementing structure around Article 6 requirements. Abaxx is working closely with industry participants to continue implementation of its staged strategy as opportunities to enhance standards emerge. Precious metals solutions remain in Stage 3 of development. The effort in precious metals is broader than futures market development and we look forward to sharing more details at the appropriate time.