Mr. Tim Chan reports

UNIVERSAL DIGITAL ANNOUNCES APPOINTMENT OF CHIEF INVESTMENT OFFICER

Chris Yeung has joined Universal Digital Inc. as its chief investment officer and a director on its board of directors. A seasoned blockchain and digital asset entrepreneur, Mr. Yeung brings deep expertise in institutional crypto markets. He was among the first employees at BlockFi, where he established and led its Asian trading business, scaling it into a multibillion-dollar portfolio. At BlockFi, he played a key role in the institutionalization of digital assets, helping negotiate one of the first bitcoin EFP (exchange for physical) trades on the CME (Chicago Mercantile Exchange) in 2019. Mr. Yeung also supported the transformation of Hex Trust from a digital asset custodian into a regulated prime broker. He began his career at Morgan Stanley.

RSU (restricted share unit) grants

The company also announces the grant of 500,000 RSUs to Mr. Yeung pursuant to the company's long-term incentive plan. The RSUs will vest in eight equal quarterly instalments over a two-year period from the date of grant.

"Chris brings an exceptional track record of leadership and innovation in the institutional digital asset space. His experience scaling high-growth platforms and driving adoption across traditional and emerging markets will be a tremendous asset to Universal Digital. We're thrilled to have him join our executive team and board as we execute on our vision to be a category leader in digital asset investment and infrastructure," said Tim Chan, chief executive officer.

About Universal Digital Inc.

Universal Digital is a Canadian investment company focused on digital assets, businesses and private and publicly listed entities that are involved in high-growth industries, with a particular focus on blockchain, cryptocurrencies and cryptocurrency technologies. The company aims to provide shareholders with long-term capital growth through a diversified investment approach and to participate in the transformation of global finance through the integration of digital asset strategies.

We seek Safe Harbor.