Mr. Young Seung Ko reports

AGEDB Technology Engages Independent Trading Group as Market Maker

AGEDB Technology Ltd., subject to regulatory approval, has engaged the services of Independent Trading Group Inc. (ITG) to provide market-making services in accordance with TSX Venture Exchange policies, commencing on April 29, 2024. ITG will trade shares of the company on the TSX-V and all other trading venues, with the objective of maintaining a reasonable market and improving the liquidity of the company's common shares.

Under the terms of the agreement, ITG will receive compensation of $6,500 per month, payable monthly in advance. The agreement is for an initial term of one month and will renew for additional one-month terms unless terminated. The agreement may be terminated by either party with 30 days of notice. There are no performance factors contained in the agreement and ITG will not receive shares or options as compensation. ITG and the company are unrelated and unaffiliated entities, and, at the time of the agreement, neither ITG nor its principals have an interest, directly or indirectly, in the securities of the company.

AGEDB Technology

AGEDB is an innovative company involved in AI (artificial intelligence) business, with a unique foundation in graph database technology. It is the only enterprise of its kind currently in Canada.

AGEDB is an innovative enterprise in Canada, pioneering AI business based on graph database technology, possessing the world's only multimodel database product and expertise in both graph and relational database technologies. In 2023, the company licensed its Apache AGE, a multimodel database product that ascended to the status of a top-level project (TLP) under the Apache Software Foundation. Apache's TLPs are widely trusted by a diverse array of users and businesses, with most projects being recognized as industry standards.

Apache AGE stands as the unique product in the global market equipped with the technology to leverage graph databases based on relational databases. Notably, it has enhanced accessibility for all enterprises utilizing the rapidly growing open-source PostgreSQL, enabling convenient installation and utilization of graph databases. Additionally, it encompasses features such as data model mapping for migration and integration with existing relational databases, as well as graph data visualization and analysis tools. As a result, the company believes all companies pursuing AI businesses can accelerate and stabilize their capabilities and roles more effectively using its Apache AGE technology.

AGEDB's Apache AGE technology offers excellent graph analysis algorithms for graph data analysis and provides specialized solutions and services for AI simultaneously. AGEDB already boasts a diverse portfolio of AI-centric implementations, including fraud detection systems, cybersecurity and predictive analytics systems. It also enjoys high preference among public institutions and major corporations, particularly in the financial sector in Korea and the United Kingdom.

Young Seung Ko, chief executive officer of AGEDB, stated: "Through our listing on the TSX-V, the company aims to attract more investments and ascend further on the path of growth through R&D [research and development] and operational activities. Reflecting the high expectations of pro-active investors, we plan to propel ourselves towards becoming an innovative AI enterprise, aiming to establish AGEDB as the leading global provider of DBMS [database management systems]."

About AGEDB Technology Ltd.

Founded in 2022, AGEDB is headquartered in Vancouver, B.C., and specializes in developing and delivering cutting-edge AI-powered database management system (DBMS) software and technologies. AGEDB's innovative approach integrates AI to simplify complex data structures and derive actionable insights in today's data-driven environment. By leveraging AI, AGEDB transforms traditional data management practices into advanced DBMS solutions tailored to meet modern business needs.

AGEDB deeply engages in the AI business by actively contributing to the Apache Software Foundation, a globally renowned open-source graph database project. The collaboration showcases AGEDB's commitment to advancing AI technologies within the database domain, ensuring broader accessibility and innovation in AI-driven solutions.