Mr. Steve Fray reports

ABAXX ANNOUNCES CONCLUSION OF INDEPENDENT INVESTIGATION; FINDINGS REFUTE SHORT-SELLER ALLEGATIONS

Abaxx Technologies Inc. has completed the independent investigation conducted by the board of directors' audit committee to examine allegations made in a series of short-seller reports published in June, 2026, and subsequent related commentary.

The audit committee's independent investigation concluded that the material allegations and claims set forth in the reports, including claims that Abaxx manipulated trading activity on Abaxx Exchange or failed to disclose material information, are unjustified by the facts and financial records of the company.

"The independent investigation found that all of the material allegations about the company's business are unfounded," said Scott Leckie, independent director and chair of the audit committee. "Moreover, the findings reinforce what Abaxx has consistently stated, which is that the allegations demonstrate a profound ignorance of how futures exchanges are built and the overall pattern of trading activity on Abaxx Exchange is consistent with what one would expect to see on a new exchange and in new futures markets."

In conducting the investigation, the audit committee, which is composed of independent members of Abaxx's board of directors, retained Fasken Martineau DuMoulin LLP as its independent Canadian legal counsel and TSMP Law Corp. as independent legal counsel in Singapore. Fasken, in turn, retained Grant Thornton Singapore Pvt. Ltd., a major international public accounting firm, and William Knottenbelt, an independent industry expert with over 40 years of experience in global futures markets, and former senior managing director and head of international with CME Group to assist, in its efforts.

The investigation had the full co-operation of the company and unrestricted access to relevant information. The review included a forensic analysis of order book and transaction records, an extensive search of documents and electronic communications, and interviews of key Abaxx Exchange personnel.

The investigation's findings confirmed the company's trading activity and market disclosures with respect to the allegations were accurate and compliant in all material respects. Based on the results of the independent investigation, the audit committee has determined that these allegations require no further inquiry or response.

About Abaxx Technologies Inc.

Abaxx is building smarter markets: markets empowered by better tools, better benchmarks and better technology to drive market-based solutions to the biggest challenges faced as a society, including the energy transformation and the transition to an artificial-intelligence-augmented economy.

In addition to developing and deploying financial technologies that make communication, trade and transactions easier and more secure, Abaxx is the majority shareholder of Abaxx Singapore, the owner of Abaxx Exchange and Abaxx Clearing, parent company of wholly owned subsidiaries Abaxx Spot and Adaptive Infrastructure, and founder of Abaxx Labs and the SmarterMarkets podcast.

We seek Safe Harbor.