Mr. Randy Chou reports

NUBEVA FINALIZES AGREEMENT WITH GLOBAL FINANCIAL INSTITUTION, STRENGTHENING AI SECURITY SOLUTIONS

Nubeva Technologies Ltd. has made a significant stride in its business evolution following an agreement signed in March of 2024 with a top-10 global financial institution that is known for its substantial presence in both retail and corporate banking sectors. The agreement will see Nubeva provide cybersecurity solutions across extensive client and server workloads globally. This deal signifies a major leap forward in Nubeva's strategic expansion, emphasizing a steadfast commitment to harnessing artificial intelligence to foster success with each client account.

Following this deal, Nubeva reaffirms its dedication to investing in AI, underscoring its vision to bolster every customer interaction with AI technologies. Nubeva's focus is on enhancing its ransomware reversal solutions with AI, aiming to provide next-level support and efficiency in cybersecurity defence.

Randy Chou, chief executive officer of Nubeva, commented: "This agreement with a premier financial entity aligns perfectly with Nubeva's strategic vision and recent initiatives. It underscores the industry's confidence in our technology and approach, further enabling us to advance our AI-driven solutions to enhance every client's success."

Revenue from the first 12-month period of the agreement is not expected to be material in the context of the company's overall business; however, the company will provide updates if and when subsequent service revenue becomes operationally material.

About Nubeva Technologies Ltd.

Nubeva 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.