KGI Securities (Singapore) Pte. Ltd. (“KGI Securities”), a wholly-owned subsidiary of KGI Securities Co. Ltd. and China Development Financial Holding Corporation (TPE: 2883) and Abaxx Technologies Inc. (NEO:ABXX)(OTCQX:ABXXF) (“Abaxx”), today announced that KGI Securities has become an approved clearing and trading member of Abaxx’s majority-owned Singapore-based exchange (“Abaxx Exchange”) and clearinghouse (“Abaxx Clearing”), facilitating centrally cleared, physically-deliverable futures contracts, and licensed as a Recognised Market Operator (“RMO”) and Approved Clearing House (“ACH”) with the Monetary Authority of Singapore (“MAS”).

KGI Securities’ clients will be among the first to access Abaxx Exchange’s first-of-their-kind, physically-deliverable futures contracts, including liquefied natural gas (“LNG”), nickel sulphate, and carbon, each on track to begin trading in the current quarter. KGI’s membership will enable their global client base to benefit from Abaxx’s market price discovery and enhanced risk management tools for energy transition-related commodities.

“We have witnessed exponential growth in our energy and commodities trading volumes over the years,” said Ken Ong, KGI Securities (Singapore) CEO. “The new Abaxx Exchange will revolutionize the way our clients engage in commodities trading, providing them with advanced risk management tools and technologies that facilitate seamless transactions.”

The partnership between KGI Securities and Abaxx Exchange brings together KGI Securities’ extensive experience in commodities trading and Abaxx Exchange’s state-of-the-art marketplace. By combining their expertise, the two organizations aim to empower market participants with innovative solutions and unlock new avenues for success.

KGI Securities has an established presence in Asia and with its 24-hour coverage, the multi-product and client-centric solutions entity offers one-stop service to clients in Asia, positioning itself as an ideal choice for clients looking to connect to Abaxx Exchange.

Nancy Seah, CEO, Abaxx Exchange said: “Record trading volumes on existing exchanges speak to an environment that is ready for new benchmark contracts for energy transition commodities along with better tools for managing new risk sources. We look forward to working alongside KGI Securities to help our collective clients navigate the unique challenges presented by our transition to a lower-carbon economy with the introduction of smarter markets.”

About KGI Securities

Now in its 50th year, KGI Securities is one of the premier securities firms in the Asia Pacific region, with over USD 6.37 billion in equity capital. KGI Securities provides direct-access online trade execution and clearing services to institutional and professional traders for a wide variety of electronically traded products including stocks, options, futures, commodities, currencies, bonds, gold and funds worldwide.

KGI Securities is headquartered in Taipei, Taiwan and has 5,000+ employees in its 100+ offices across the globe in Hong Kong, Singapore, Shanghai, Thailand, Indonesia and more.

KGI Securities is regulated by the MAS, SFC, FSC, SEC, OJK and other regulatory agencies around the world.

About Abaxx

Abaxx is building Smarter Markets — markets empowered by better financial technology and market infrastructure to address our biggest challenges, including the energy transition. In addition to developing and deploying financial technologies that make communication, trade, and transactions easier and more secure, Abaxx is an indirect majority-owner of Abaxx Exchange and Abaxx Clearing, subsidiaries recognized by MAS as an RMO and ACH, respectively.

Abaxx Exchange and Abaxx Clearing are a Singapore-based commodity futures exchange and clearinghouse, introducing centrally cleared, physically deliverable commodities futures and derivatives to provide better price discovery and risk management tools for the commodities critical to our transition to a lower-carbon economy.

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Media contactsFor media inquiries, please contact:

Keith TanMarketing Manager, on behalf of KGI

Media and Investor Inquiries:Abaxx Technologies Inc.Investor Relations TeamTel: +1 246 271 0082E-mail:

For more information about Abaxx related to this press release, please contact:

Steve Fray, CFO of AbaxxTel: 416-786-4381

Cautionary Statement Regarding Forward-Looking Information

This joint press release includes certain “forward-looking statements which do not consist of historical facts. Forward-looking statements include estimates and statements that describe Abaxx or KGI Securities’ future plans, objectives, or goals, including words to the effect that Abaxx or KGI Securities expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “seeking”, “should”, “intend”, “predict”, “potential”, “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, “continue”, “plan” or the negative of these terms and similar expressions. Since forward-looking statements are based on current expectations and assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to Abaxx and KGI Securities, Abaxx and KGI Securities do not provide any assurance that actual results will meet respective management expectations. Risks, uncertainties, assumptions, and other factors involved with forward-looking information could cause actual events, results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward- looking information.

Forward-looking information related to Abaxx in this press release includes but is not limited to, Abaxx’s objectives, goals or future plans, the ability to utilize the ACH and RMO licenses to launch a regulated trading marketplace on an economic basis, in a timely fashion, or at all, maintenance of regulatory approvals including the ACH and RMO licenses, timing of the commencement of operations of Abaxx Clearing and Abaxx Exchange, financial predictions, estimates of market conditions, including market conditions for energy transition commodities, benefits of the collaboration with KGI Securities and future product offerings. Such factors 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; 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: 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; and changes in the price of commodities, capital market conditions, restriction on labor and international travel and supply chains. Abaxx has also assumed that no significant events occur outside of Abaxx’s normal course of business.

Abaxx and KGI Securities caution that the foregoing list of material factors is not exhaustive. In addition, although Abaxx and KGI Securities have 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 and KGI Securities have 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 and KGI Securities as of the date of this press release and, accordingly, is subject to change after such date. Both KGI Securities and Abaxx undertake 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. CBOE Canada does not accept responsibility for the adequacy or accuracy of this press release.

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