Abaxx Exchange names Yongan International as clearing member

TORONTO, June 24, 2026 (GLOBE NEWSWIRE) -- Abaxx Technologies Inc. (TSX:ABXX)(OTCQX:ABXXF) (“ Abaxx ” or the “ Company ”), a financial software and market infrastructure company, majority shareholder of Abaxx Singapore Pte Ltd., the owner of Abaxx Commodity Exchange and Clearinghouse (individually, “ Abaxx Exchange ” and “ Abaxx Clearing ”), today announced that Yongan International Financial (Singapore) Pte. Ltd. (“ Yongan International SG ”) will offer clearing and trading access to clients on Abaxx Exchange beginning June 29, 2026. Yongan International SG is a Singapore-based futures brokerage and a wholly owned subsidiary of Xin Yongan International Financial Holdings Ltd. in Hong Kong, which is a subsidiary of Yongan Futures Co. Ltd. As part of one of China’s top-ranked, state-owned futures groups, Yongan International SG brings an established regional client network to its role as a clearing member of Abaxx Clearing.

Through this membership, Yongan International SG can provide commercial hedgers and institutional clients across Hong Kong and Asia with direct clearing access to Abaxx Exchange’s energy, environmental, battery materials, and precious metals markets. This approval, along with its trading membership on Abaxx Exchange, makes Yongan International SG the first Chinese-backed futures firm able to both trade and clear products listed on Abaxx Exchange. “Our clients are managing increasingly complex exposure across energy, metals, and industrial supply chains,” said Josh Qiao, Chief Executive Officer of Yongan International SG. “Joining Abaxx Exchange allows us to provide them with direct access to differentiated contracts designed around the physical markets and risk management needs shaping those supply chains.” “Yongan International SG’s strong reputation in futures brokerage and deep connectivity across regional and cross-border commodities markets make them an important addition to Abaxx Clearing,” said Nancy Seah, Chief Executive Officer of Abaxx Exchange. “Their membership strengthens our clearing network and supports our shared focus on expanding access to better tools for price discovery and risk management.” About Abaxx Technologies Abaxx Technologies Inc. (TSX: ABXX | OTCQX: ABXXF) is building Smarter Markets: markets empowered by better tools, better benchmarks, and better technology to drive market-based solutions to the biggest challenges we face as a society, including the energy transformation and the transition to an AI-augmented economy. In addition to developing and deploying financial technologies that make communication, trade, and transactions easier and more secure, Abaxx is the majority shareholder of Abaxx Singapore, the owner of Abaxx Exchange and Abaxx Clearing, the parent company of wholly owned subsidiaries Abaxx Spot and Adaptive Infrastructure, creator of Abaxx Labs and the producer of the SmarterMarkets™ podcast.

For more information, visit abaxx.tech | abaxx.exchange | abaxxspot.com | basecarbon.com | smartermarkets.media For more information about this press release, please contact: Steve Fray, CFO Tel: +1 647-490-1590 Media Inquiries Tara Hayes tara@abaxx.tech Investor Inquiries Tel: +1 246 271 0082 E-mail: ir@abaxx.tech Cautionary Statement Regarding Forward-Looking Information This press release includes certain “forward-looking statements” and “forward-looking information” (collectively, “forward-looking statements”) within the meaning of applicable Canadian and United States securities laws. All statements other than statements of historical fact are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “believe”, “anticipate”, “estimate”, “project”, “intend”, “expect”, “may”, “will”, “plan”, “should”, “would”, “could”, “target”, “purpose”, “goal”, “objective”, “ongoing”, “potential”, “likely” or the negative thereof or similar expressions.

In particular, this press release contains forward-looking statements including, without limitation, Abaxx’s objectives, future plans, expansion into new jurisdictions and the expansion of its clearing network and related benefits. Forward-looking statements are based on the reasonable assumptions, estimates, analyses and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect. Such factors impacting forward-looking information include, among others: risks relating to the global economic climate; dilution; Abaxx’s limited operating history; future capital needs and uncertainty of additional financing; the competitive nature of the industry; currency exchange risks; the need for Abaxx to manage its planned growth and expansion; the effects of product development and need for continued technology change; protection of proprietary rights; the effect of government regulation and compliance on Abaxx and the industry; acquiring and maintaining regulatory approvals for Abaxx’s products and operations; the ability to list Abaxx’s securities on stock exchanges in a timely fashion or at all; network security risks; the ability of Abaxx to maintain properly working systems; reliance on key personnel; global economic and financial market deterioration impeding access to capital or increasing the cost of capital; and volatile securities markets impacting security pricing unrelated to operating performance.

In addition, particular factors which could impact future results of the business of Abaxx include but are not limited to: the failure of energy, commodity markets and collateral use cases to develop according to the expectations of Abaxx; operations in foreign jurisdictions; protection of intellectual property rights; contractual risk; third-party risk; clearinghouse risk; malicious actor risks; third- party software license risk; system failure risk; risk of technological change; dependence of technical infrastructure; changes in global weather patterns; changes in the price of commodities, capital market conditions, restrictions on labor and international travel and supply chains, and the risk factors identified in the Company’s most recent management’s discussion and analysis filed on SEDAR+. Abaxx has also assumed that no significant events occur outside of Abaxx’s normal course of business. Abaxx cautions that the foregoing list of material factors is not exhaustive.

In addition, although Abaxx has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, or intended. When relying on forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Abaxx has assumed that the material factors referred to in the previous paragraphs will not cause such forward-looking statements and information to differ materially from actual results or events.

However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. The forward-looking statements and information contained in this press release represents the expectations of Abaxx as of the date of this press release and, accordingly, is subject to change after such date. Abaxx undertakes no obligation to update or revise any forward-looking statements and information, whether as a result of new information, future events or otherwise, except as required by law.

Accordingly, readers are cautioned not to place undue reliance on these forward-looking statements and information. Neither the Toronto Stock Exchange nor any other securities exchange or regulatory authority accepts responsibility for the adequacy or accuracy of this release. Globe Newswire June 24, 2026 - 4:30 AM PDT News by QuoteMedia www.quotemedia.com