Mr. Rob Anson reports

FOBI AI PROVIDES UPDATE ON CEASE TRADE ORDER AND TRADE RESUMPTION

Fobi AI Inc. has provided a corporate update regarding the following developments.

CEO's statement on cease trade order and trade resumption

Rob Anson, chief executive officer of Fobi AI, commented: "We acknowledge that the audit process has taken longer than anticipated. To address this, we have strengthened our finance team and have implemented key enhancements to ensure stronger processes and controls. These include automating workflows, fully integrating our systems and completing monthly reconciliations across our international operations. These measures were made with a long-term focus on efficiency, security and transparency."

Mr. Anson further adds: "We are grateful for the continued support of our auditors at MNP, and as we move towards the completion of our filings, we remain confident in both the integrity of our reporting and the progress achieved to date. Once the review of our filings is complete and the company returns to good standing, we will submit our trade resumption application to the British Columbia Securities Commission. Following their review and approval, a trade resumption date will be established. We look forward to providing further updates in the near future."

About Fobi AI Inc.

Founded in 2017 in Vancouver, Canada, Fobi is an AI and data intelligence company that provides businesses with real-time applications to digitally transform and future-proof their organizations. Fobi enables businesses to action, leverage and monetize their customer data by powering personalized and data-driven customer experiences and facilitates digital sustainability by eliminating the need for paper and reducing unnecessary plastic waste at scale.

Fobi works with some of the largest global organizations across retail and consumer-packaged goods, insurance, sports and entertainment, casino gaming, and more. Fobi is a recognized technology and data intelligence company across North America and Europe, and is a prominent data aggregator in Canada's hospitality and tourism industry.

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