Mr. Randy Chou reports

NUBEVA TECHNOLOGIES PROVIDES BOARD MEMBER DETAILS AND CORPORATE UPDATES

Nubeva Technologies Ltd. has provided further details on its new board of directors members and has provided a corporate update.

New board members

On Sept. 15, 2023, the company announced the appointment of two new independent board members:

• Francis Chan: Boasting over 20 years of working for global established and start-up technology firms, including SAP, SuccessFactors and Lumesses, Mr. Chan has broad expertise encompassing product development, consulting, business development and sales. Mr. Chan has served as head of HR (human resources) centre of excellence at SAP, vice-president of product at Talkpush, and HR director for a global manufacturer. Mr. Chan is an alumnui of UC Berkeley, holding an MBA and MS, and has an MSc in strategic human resources management from Hong Kong Baptist University.
• Michael Lin: Mr. Lin has 33 years of experience in the semiconductor and engineering sectors. He earned his mechanical engineering degree from National Taiwan University and spent a decade at UMC, a renowned semiconductor company, from 1996 to 2006. Mr. Lin later founded 59Clean Technology in Taiwan and serves as its chief executive officer. In 2021, after completing his EMBA at National Taiwan University, Mr. Lin expanded his business efforts into the United States market. Based in Taiwan, Mr. Lin remains an influential contributor to the semiconductor industry's evolution.

"We're pleased to have Francis and Michael join our board. They bring significant industry experience to Nubeva. Their addition provides a fresh perspective to our organization," said Randy Chou, CEO at Nubeva.

Corporate update

The board of Nubeva is actively engaged in a comprehensive review of the company. This involves a detailed examination of its operations, financials, market position and growth outlook. The objective is to understand every aspect of the company's current state and to methodically evaluate all strategic options forward with a focus on maximizing shareholder value. The management team is collaborating closely with the board to ensure that all potential strategies are considered and vetted in order to set its execution plans moving forward.

About Nubeva Technologies Ltd.

Nubeva Technologies provides next-generation decryption solutions for faster, lower-cost recovery from ransomware attacks. Its mission is to reduce downtime costs and damages so businesses never pay ransoms again. Nubeva's ransomware reversal software is available to end-user enterprises, managed security service providers, incident responders and cybersecurity solution manufacturers.

We seek Safe Harbor.