Mr. Rob Anson reports

FOBI AI ANNOUNCES CFO TRANSITION, TAPS LONG-TENURED BOARD MEMBER JEFFREY HYMAN AS CFO

Fobi AI Inc. is restructuring its finance team and long-time board member Jeffrey Hyman will step in as the company's chief financial officer (CFO), effective immediately.

The decision to bring in new financial leadership reflects the company's commitment to transparency, accountability and long-term sustainable growth. Mr. Hyman, a veteran finance executive with decades of experience in financial transformation, restructuring and strategic scaling, joins Fobi at a pivotal moment as it positions itself for the next chapter of expansion.

Fobi chief executive officer Rob Anson stated: "During this year's audit, we identified significant needs for change and upgrades within our accounting function. Now that the sale of our German subsidiary is complete, our priority is finalizing the audit and resuming trading as quickly as possible. Given this focus, I felt it was the right time to bring Jeff on as CFO. His background makes him ideal to lead the audit process and restructure our ongoing finance functions. We have engaged a third party accounting firm to assist with the audit and handle all daily accounting tasks. This partnership allows us to implement new automated systems and processes, significantly improving efficiency. Utilizing this full-scope third party firm also enables us to reduce full-time headcount while gaining access to scalable expertise as needed."

Chief financial officer Jeffrey Hyman stated: "Fobi's vision and capabilities have been evolving in alignment with the marketplace since my initial involvement with the company. We are well positioned to leverage those assets in due course. I am thankful for the appointment to lead our finance team as an integral function in our growth."

About Fobi AI Inc.

Fobi is a cutting-edge data intelligence company that helps the company's clients turn real-time data into actionable insights and personalized customer engagement to generate increased profits. Fobi's unique IoT (Internet of Things) device has the ability to integrate seamlessly into existing infrastructure to enable data connectivity across on-line and on-premise platforms creating highly scalable solutions for the company's global clients. Fobi partners with some of the largest companies in the world to deliver best-in-class solutions and operates globally in the retail, telecom, sports and entertainment, casino gaming, and hospitality and tourism industries.

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