Mr. Randy Chou reports

NUBEVA FOCUSING SOLELY ON AI-DRIVEN RANSOMWARE REVERSAL POST-TLS ASSET SALE AGREEMENT

Nubeva Technologies Ltd. today outlined a strategic shift following the signing of a binding agreement for the sale of its TLS assets to a mid-sized United States-based cybersecurity company, for $1-million, while continuing to profit from existing TLS deals. This move positions Nubeva to become cash flow positive in the calendar year 2024. The company is now dedicating its focus entirely on revolutionizing ransomware reversal, with a significant emphasis on leveraging artificial intelligence (AI) to enhance efficiency and support mechanisms.

In conjunction with these changes, Greig Bannister will be following the asset sale, and stepping down as chief technology officer and board member. Nubeva expresses its deepest gratitude to Mr. Bannister for his invaluable contributions and leadership, which have been instrumental in the company's growth and success.

Nubeva's refined focus on ransomware reversal is timely and critical, given the global increase in ransomware attacks. By integrating AI into its ransomware reversal solutions, Nubeva aims to enhance the support experience when a client is hit by ransomware. The company is actively developing proprietary AI technologies for ransomware key generation and collaborating with leading AI industry partners to incorporate advanced support automation tools.

"Becoming cash flow positive in 2024 is a milestone that underscores our operational efficiency and innovative strength," said Randy Chou, chief executive officer of Nubeva. "We are excited about the future and our role in making the digital world more secure."

Nubeva's commitment to leveraging AI extends beyond internal development, as the company explores partnerships within the AI industry to enhance its ransomware reversal solutions. This approach not only accelerates the development of effective and efficient cybersecurity tools but also ensures that Nubeva remains at the cutting edge of technology.

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.